CBAM ,climate mitigation, Q&A

The European Commission released on 10.05.2023 a memo with “Questions and Answers: Carbon Border Adjustment Mechanism (CBAM)”.

In this documenti t is analysed the following topic: “…How will you engage with third countries and industry going forward?…”.  The answer is that: “… When preparing the CBAM proposal, the Commission already consulted stakeholders widely, both through an open public consultation and more targeted consultations. In addition, the Commission engaged in extensive bilateral consultations with public authorities in EU and non-EU countries, business associations, individual companies and NGOs. Targeted consultations were also undertaken with senior managers and associations from the basic materials sectors, manufacturers, NGOs and policymakers.
During this transition period we will continue to work together with industry and our partner countries to increase our mutual understanding of the instrument, to ensure the smooth implementation of the mechanism, find synergies wherever possible, and promote effective methods of decarbonisation globally. This will feed into the evaluation of
application of the regulation that the Commission will complete by mid-2025, which will also define the final methodology to be used when CBAM goes live on 1 January 2026. At the same time, The European Commission fully supports and takes part in discussions
on the design and implementation of effective climate mitigation policies worldwide, such as through the Inclusive Forum for Climate Mitigation Approaches (IFCMA) at the OECD, or the Climate Club promoted by G7. The EU also remains ready to work with low- and middle-income countries towards the decarbonisation of their manufacturing industries. The Union will also support less developed countries with the necessary technical assistance…”.