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Regulatory Briefing: EU, industry and green groups at odds over ETS, CBAM proposals

By Victor Smart

The struggle to maintain the ambitions of the EU’s climate policy has reached a new pitch with the bloc’s parliament and 27 member states adopting opposing negotiating stances on a carbon-reduction package in the last few days. Environmental lobbyists claim the credibility of what is billed as world-leading measures has already been squandered while industry groups have countered that some aspects are hugely bureaucratic.

On Tuesday, the EU council of ministers, the forum for member states, hammered out its position on the ‘Fit for 55’ package. This includes a range of measures including tightening the Emissions Trading Scheme (the world’s biggest carbon trading scheme) and a mechanism to penalise imports from high-emitting countries, the Carbon Border Adjustment Mechanism. Another measure is a Social Climate Fund designed to support citizens hit unfairly hard by higher energy bills in the transition to greener energy.

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