Lead EU lawmaker on CBAM rejects call to account for non-pricing carbon measures

A carbon border adjustment mechanism under consideration by the European Union must not exempt producers for so-called “implicit” carbon pricing measures, the EU lawmaker steering the proposal through the bloc’s legislative process tells Inside U.S. Trade , dismissing a proposed change that could have excused U.S. exporters from duties on emissions at the border. The EU Commission in July released a proposal for the mechanism, outlining several policy designs under consideration. Its “preferred policy option” was crafted to prevent carbon...