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Tax Commissioner Wopke Hoekstra said more than 80% of EU companies are eligible for a new carbon border tax, a reform of the Brussels plan.
Hoekstra told FT that he wanted to limit the carbon border adjustment mechanism (CBAM) to the largest importers and cost most businesses the cost of compliance and expenses, part of the group’s push to cut lightning tapes and increase productivity.
“Less than 20% of companies in the range are responsible for more than 95% of the emissions in their products,” he said.
“It does not help [diminish] The importance of climate goals, but it is a way to make life easier for many companies across the continent. ”
The move will reach up to 180,000 of the 200,000 companies affected.
European companies complained about complex and expensive form fillings during CBAM trials, which aims to protect EU heavy industry – an industry that already has to pay for its greenhouse gas emissions.
It forces importers in seven sectors, including aluminum, steel, iron and fertilizers, to report the carbon content of their products. From next year, they will have to pay the difference between the price of carbon issued in the EU and the carbon in the manufacturing countries.
Since there are few EU-style emissions trade programs or carbon content calculations, the program is a burdensome for EU importers.
A March report found that only about 10% of companies that are expected to report emissions do so.
“The common sense is that if you happen to be not part of the scope, it makes little sense to have you fill out a lot of paperwork,” Hoekstra said.
The world priority system has been severely attacked by trading partners such as the United States and India, and companies in the United States and India are likely to be taxed by importers.
But EU officials insist that the latest reforms are intended to help EU businesses rather than eliminate the impact, as more than 95% of imports will still be covered.
They also hope it will convince the country to implement its own carbon trading system.
The Dutch will consult the move and hope it can be formulated with a huge “comprehensive” simplified law expected this month. Must be approved by most member states and members of the European Parliament.
Brussels has pledged to cut the Traditional Chinese Tape Festival by 25%, while small businesses cut the Traditional Chinese Tape Festival by 35% to boost economic growth and investment and close the growing gap with the United States and China.
This year, Hoekstra will make a separate review of CBAM, which applies to cement, aluminum, electricity and hydrogen. It can be extended to other sectors such as glass, ceramics, pulp, paper and bulk chemicals.
The steel industry is lobbying for greater protection. It hopes to exempt EU-made goods from exporting outside the EU, processing abroad, and then re-launching into the EU. It also wants it to cover steel components such as beams and aircraft parts.
“We will look at the scope carefully,” Hoekstra said. “We will look at exports carefully. We will do this with an open mind, but also know that it is not necessarily easy.”
