Money and business

The European Council adopts a list to simplify and enhance the mechanism of carbon modification on the European borders

Brussels, September 29/ WAM/ The European Council announced today that it adopted a new list within the “Omnens First” package, related to simplifying and strengthening the mechanism of carbon modification on the border in the European Union (CBAM).

He stressed, in a statement, that the aim of this step is to reduce the organizational and administrative burdens and the costs of compliance with European companies, especially small and medium, while maintaining climate ambition as it is.

For her part, Mary Pierre, Minister of European Affairs of Denmark, whose country is taking over the European periodic presidency, said that the success of the green transformation and the promotion of European competitiveness requires reducing unnecessary burdens, which is achieved by this decision by making European companies easier while maintaining climatic aspirations.

About 99% of the emissions included in imported goods will remain covered in the mechanism, and the amendments include replacing the exemption based on the value of imported goods with a new exemption based on a quantitative threshold that does not exceed 50 tons per imported annually, which will mainly exempt small companies and individuals who import limited quantities.

The amendments also allow any disturbances to avoid in early 2026, by allowing the import of goods covered by the mechanism with certain conditions until the importers are registered, in addition to the introduction of other simplistic procedures related to the process of licensing, data collection, emissions account, verification and financial responsibility mechanisms, and amending the provisions of penalties and rules for customs brokers.

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