EU reaches internal agreement on expanded CBAM

The European Union is moving forward with its carbon border adjustment mechanism after reaching an internal agreement on the scope of the plan, which has been expanded to cover hydrogen and some finished products along with original carbon-intensive sectors iron and steel, aluminum, cement, fertilizer and electricity. The CBAM agreement between negotiators from the Council of the EU and European Parliament, which still must be approved by member state ambassadors and the rest of Parliament, comes as climate-related measures are...