Climate Politics
EU Considers Changes to Carbon Border Levy to Help Exporters
- Firms have complained their products may become more expensive
- European Commission’s review has been brought forward to 2025
A worker removes a sample from a crucible of molten aluminum in a foundry in Dunkirk, France.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
The European Union will leave nothing off the table when it comes to helping the bloc’s exporters deal with the side effects of a landmark carbon border levy, according to a senior official overseeing the measure.
The European Commission will explore options to help domestic industries affected by the Carbon Border Adjustment Mechanism — such as steel and aluminum — in a review brought forward to next year, Director General for Tax Gerassimos Thomas said. It will then put forward proposals in 2026.