Brussels, 26 March 2024
Question for written answer E-000944/2024/rev.1
to the Commission
Rule 138
Markus Buchheit (AfD, formerly ID)
- Does the Commission plan to perform a cost assessment to estimate the price rise in cement, fertiliser, steel and other energy-intensive imports following the introduction of its carbon border adjustment measures?
- Does is also plan to calculate the cost burden on agriculture and the building industry, as well as the effect the measures will have on the inflation rate in the EU as a whole?
- How does it plan to respond to EU global partners’ inevitable retaliatory measures (punitive tariffs) and to compensate EU exporters for the sales losses they will incur as a result of Commission action?
Submitted:26.3.2024
Answer given by Mr Gentiloni on behalf of the European Commission
5 June 2024
The new carbon border adjustment mechanism (CBAM) has two goals: to encourage industry worldwide to embrace greener technologies; and to prevent so-called carbon leakage, or the relocation of production outside EU borders to countries with lower environmental standards.
Accompanying its proposal for a regulation establishing a carbon border adjustment mechanism (CBAM) on 14 July 2021, the Commission published a CBAM impact assessment report[1].
International collaboration is essential to fight climate change effectively. The more international cooperation there is, the more effective the EU policy tools will be.
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[1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52021SC0643
Last updated: 5 June 2024