Reposted by Ashfaq Khalfan
Somewhat under the radar, there is an important vote coming up in the @europarl.europa.eu on CBAM expansion for downstream products. Thank you to Ignacio bruegel.org for this somewhat critical review.
www.bruegel.org/first-glance...
bruegel.org
Extending CBAM to downstream products risks undermining its credibility as a climate policy tool
The current proposals to extend CBAM's coverage are more about trade protection than stopping carbon leakage