EU carbon tariffs to be levied soon, to be expanded to plastics, organic chemicals
On June 22, the European Parliament passed the text of the regulation on establishing the world's first carbon border adjustment mechanism (CBAM, i.e. carbon tariff) with 450 votes in favor, 115 votes against and 55 abstentions. This means that the European Commission (proposal passed on July 15, 2021), the European Council (passed on March 15, 2022) and the European Parliament (passed on June 22, 2022) all have their own versions and positions.