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Europe to impose tariffs on heavy steel and aluminum

Europe will impose new tariffs on materials from carbon-intensive sectors imported into the 27-member bloc.

Europe to impose tariffs on heavy steel and aluminum

According to members of the Committee on Environment, Public Health and Food Safety (ENVI), CBAM will include the import of hydrogen as well as steel and aluminum. "If you want to sell your products, then you have to pay at the border," CBAM rapporteur Mohammed Chahim said at a press conference on 13 December.

Implementation of the agreement will begin temporarily on October 1, 2023. After a monitoring period, the program will move into full implementation over the next three years. Chahim added that European metal fabrication companies "must meet the same conditions" regarding carbon emissions.

The Council noted that "the phasing out of free allowances for CBAM sectors still needs to be decided in the context of the ongoing EU ETS negotiations". "More work needs to be done on measures to prevent carbon leakage in exports." expressions were used. 

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