NGO letter: Three key recommendations for CBAM ahead of ENVI committee vote

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A well-designed Carbon Border Adjustment Mechanism (CBAM) can bolster climate ambition in the European Union and internationally. It can help slash emissions from the goods we produce and import, and can stimulate the demand and supply of green industrial products. 

Ahead of their vote on the CBAM proposal on 17 May 2022, we urge members of the ENVI committee to support the following:

1. A CBAM that includes all high-emitting sectors and indirect emissions from the start

2. A faster phase-out of free allowances for all ETS sectors

3. Earmarking revenues from the sale of CBAM certificates for climate mitigation and adaptation in least developed countries