On 18th June, the Parliament and Council struck a deal on the Omnibus CBAM simplification as part of the trilogue negotiations.

Both the Parliament and Council have already published their press release with a summary of the deal.  

MORE INFORMATION

All the main provisions previously discussed and voted on by the Parliament and Council were retained in the final deal, with the main one being the introduction of a de minimis mass threshold whereby imports up to 50 tonnes per importer per year will not be subject to CBAM rules. This will substitute the previous de minimis clause that excluded consignments of more than EUR 150.

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The Parliament’s Rapporteur, MEP Antonio Decaro (S&D, IT) commented the deal as follows:

‍“The CBAM is designed to prevent carbon leakage and protect Europe’s cement, iron, steel, aluminium, fertiliser, electricity, and hydrogen industries. We have answered calls from companies to simplify and streamline the process and exempted 90% of importers of CBAM goods to facilitate competitiveness and growth for our businesses. As the CBAM will still cover 99% of total CO2 emissions, we have maintained the EU’s environmental ambitions and remain fully committed to a just transition and to achieve climate neutrality by 2050.”

NEXT STEPS

The Parliament and Council’s formal adoption of the final agreement and its entry into force are expected for September. FESI will analyse the final text once available and update its existing Q&A document for members.

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