The future carbon border adjustment mechanism should be designed in such a way as to address the risk of carbon leakage while fully complying with World Trade Organization rules, maintaining the competitiveness of the European industry and rewarding contributions to a low-carbon Europe.
Euromines welcomes a European Green Deal to put Europe on the right track to a sustainable future and is prepared to take the necessary measures and bring its value added to making Europe the world's first climate neutral continent.
With regards to the Carbon Border Adjustment Mechanism (CBAM), Euromines agrees that such a new instrument should be designed in a way that addresses the risk of carbon leakage while fully complying with World Trade Organization rules, maintaining the competitiveness of the European industry and rewarding contributions to a low-carbon Europe. In this context, we are ready to bring our value added to the current in depth assessment aimed at identifying the most efficient instrument that will complement the Emissions Trading System and counteract the risk of carbon leakage by putting a carbon price on imports of certain goods from outside the EU.