EU May Pause Carbon Levy on Fertilizers If Market Damage Emerges
A farmer uses a tractor to spray fertilizer over potatoes at a farm in Saint-Jean-d'Illac, France.
Photographer: Philippe Lopez/AFP/Getty ImagesThe European Union may temporarily suspend its carbon border levies on goods including fertilizers should monitoring uncover any “unforeseen” market impact, Trade Commissioner Maros Sefcovic said.
Sefcovic commented after French Agriculture Minister Annie Genevard indicated in a posting on X earlier Wednesday that the EU was set to suspend its Carbon Border Adjustment Mechanism with respect to fertilizers in order to help farmers struggling with extra costs.