EGMF, together with 10 industry associations, published a joint statement on the EU Emission Trading System (ETS) and carbon border adjustment mechanism (CBAM).
Under the Commission’s ETS and CBAM proposals, manufacturing goods in the EU will incur additional costs that are not necessarily faced by third country manufacturing industries who produce the same goods. This will impact our sectors’ competitiveness on domestic and non-EU markets and may incentivise carbon leakage in manufacturing industries.
Therefore, we call on the Commission, Council, and European Parliament to take the necessary steps to assess the competitiveness impact of CBAM on downstream users of goods that will be subject to this measure to help prevent carbon leakage from EU manufacturing to outside Europe, before the financial impact of CBAM harms EU industry.
Read the full statement here.