Amending Regulation (EU) 2023/956 as regards simplifying and strengthening the carbon border adjustment mechanism

Tabled by Jadwiga Wiśniewska, Aurelijus Veryga, Adrian-George Axinia, Kosma Złotowski, Waldemar Tomaszewski, Dominik Tarczyński, Diego Solier, Nora Junco García, Daniel Obajtek, Marion Maréchal, Laurence Trochu, Nicolas Bay, Guillaume Peltier, Georgiana Teodorescu, Alexandr Vondra, Ondřej Krutílek

Added: (29 a) It is necessary to ensure effective implementation of the Carbon Border Adjustment Mechanism (CBAM) and to address the remaining regulatory loopholes, which result in circumvention of the established rules and, in consequence, put European production at risk of competitive disadvantage. It is therefore necessary to address the regulatory loopholes, through strict oversight and monitoring of CBAM application, in order to ensure a level playing field between European producers of CBAM goods and third country producers and effectively reduce global emissions.

Wording as published by the EP, in English. PE772.580