On November 25, the ERCST (European Round Table on Climate Change and Sustainable Transition) held a webinar to summarize the results of the Commissions consultations on CBAM.
The general outcome is fundamentally convergent with the submissions of FACE:
ERCST pointed out aluminum industry, saying that the industry is against the inclusion of aluminum in the scope of CBAM, since it is not applicable to it in its current form.
The Commission (a representative of DG TAXUD participated in the webinar) will not publish submissions of stakeholders, however, it presented common summary of answers and provided the schedule of the future work:
Based on the responses to the questionnaire and positions of stakeholders, the Commission prioritized tasks for the next stage of work on CBAM: assessment of the economic and environmental impact of CBAM, technical aspects (carbon footprint calculation, etc.), balance the burden between importers and exporters, data processing and verification, retaliation measures, determination of the sectoral scope of the CBAM, alignment with ETS, etc.
According to the schedule of the EC – consultations with stakeholders will continue, in the spring of 2021 there will be a Green Taxation Event, where options for the mechanism will be discussed.
Eurometaux, in its position, stated that the aluminum industry has already been severely affected by carbon leakage and is currently the most vulnerable to further leakage. The Association urged the European Commission to develop separate regulatory mechanisms for the non-ferrous metallurgy industry, in particular, to ensure the creation of a separate market for trade in low-carbon goods.
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