More than 80 percent of the EU is acceptable to the new carbon border tax will be exempted in accordance with the reforms planned by Brussels, said Wopke Hoekstra tax commissioner.
Hoekstra she told FT she wanted to limit carbon The border adjustment mechanism (CBAM) is the largest importers and saves most of the compliance and costs as part of a block to reduce bureaucracy and increase productivity.
“Less than 20 percent of companies in scope is responsible for more than 95 percent of the products in the products,” he said.
“It doesn’t make anything that [diminish] The importance of climatic goals, but this is a way to make life easier for a wide range of companies on the entire continent. “
This move would free up to 180,000 of 200,000 companies affected by respect.
European companies have complained of complicated and expensive forms during the CBAM experimental conduct, which aims to protect the heavy industry in the EU-sector, which he already has to pay for his greenhouse gas emissions.
It obliges importers to seven sectors, including aluminum, steel, iron and fertilizers to report carbon content in their products. From next year, they have to pay the difference between carbon broadcasts in the EU and in the country where it is made.
Since few countries have emissions trading schemes in the EU style or calculated carbon content, the scheme has been proven heavy for EU importers.
The March report found that only about 10 percent of companies in Germany and Sweden expected the shows.
“It is a common sense that if you happen to be part of the scope, then it is also a little sense to fulfill a lot of paperwork,” Hoekstra said.
The first world system is strongly attacked by trade partners such as the US and India, whose companies will probably charge tax by the importer.
However, EU officials insist that the goal of the latest reforms is to help EU companies, not reduce impact, as more than 95 percent of imports will continue to be covered.
They also hope that they will convince countries to implement their own carbon trading systems.
The Dutchman will consult on the move and hopes that this will be able to be made by the Giant Law on the Simplification of the “Omnibus” expected this month. This must be approved by most Member States and members of the European Parliament.
Brussels committed to reduce bureaucracy by 25 percent – and 35 percent for small businesses – to increase economic growth and investment and close the growing gap with the USA and China.
This year, Hoekstra will perform a special review of the CBAM, which refers to cement, aluminum, electricity and hydrogen. It could be expanded to other sectors such as glass, ceramics, pulp, paper and group chemicals.
Steel industry lobby for greater protection. He wants an exemption for the goods made from the EU exported outside the EU, cultivated abroad and then re-introduced to the EU. He also wants to cover steel components such as carriers and parts of the aircraft.
“We’ll look carefully at the scope,” Hoekstra said. “We will look carefully at export. We will do this with an open mind, but also knowing that this is not necessarily easy.”
