EU weighing CBAM accounting for non-pricing climate measures

A carbon border adjustment mechanism proposed by the European Commission could be modified to account for emissions reduction schemes beyond just carbon pricing -- potentially like those in the U.S. -- according to a draft recommendation from an EU Parliament committee reviewing the proposal. The European Commission’s plan, announced earlier this year , would establish the world’s first carbon border adjustment measure. Madelaine Tuininga, head of unit for sustainable development and the European Green Deal at the European Commission’s Directorate...