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On February 9, the Environment, Public Health and Food Safety (ENVI) Committee tweeted that it has endorsed the Carbon Border Adjustment Mechanism (CBAM), a measure aimed at responding to climate change and preventing carbon leakage, with 63 votes in favor, 7 votes against and 7 votes in abstention.
A Further Step to the EU Carbon Tariff
On the afternoon of June 22, the European Commission voted to construct the first regulation on the Carbon Boundary Adjustment Mechanism (CBAM) in the worldwide range. This event marks that the European Commission (on July 15, 2021), the Council of the European Union (on March 15, 2022), and the European Parliament (on June 22, 2022) have released their own versions of the CBAM regulations.