EU Considers Exempting Most Companies From Carbon Border Levy
Published by Todd Bush on February 6, 2025
BRUSSELS, Feb 6 (Reuters) - The European Commission may consider exempting 80% of companies due to be covered by its upcoming carbon border levy, the EU's head of climate policy said on Thursday.
EU Climate Commissioner Wopke Hoekstra said the Commission's analysis had found that nearly all of the emissions covered by the carbon border tariff—97%—are produced by just 20% of the companies covered by the scheme.
"So would it then not be smart to leave that roughly 80% off the hook, in terms of the administrative work burden? In my view, it would," he told a European Parliament committee meeting.
"Our current thinking, where you actually apply a huge burden on companies who would then fill out a lot of paperwork, have a lot of things to do, without any merit—that cannot be the solution," he added.
The EU's carbon border levy will from 2026 start applying fees at the EU border on the CO2 emissions embedded in imported steel, cement, and other products.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Inside Texas’ $5B Blue Ammonia Boom
Inside This Issue 🛢️ Texas Emerges as Blue Ammonia Capital in $5B Investment Wave 🤝 Technip Energies and Shell Catalysts & Technologies Have Signed a Global Alliance Agreement for Carbon Captu...
-
This Overlooked Heat Source Could Save Billions
Inside This Issue 💰 Industrial Giants Are Sitting on a $200 Billion Energy Goldmine 🗺️ New Reports Map BC’s Hydrogen Potential for Clean Energy Growth 🍁 Federal Government Spending Nearly $16M on ...
-
3 New Plants, $1B Plan — What’s XCF Up To?
Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...
Company Announcements
-
Technip Energies (PARIS:TE) and Shell Catalysts & Technologies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture s...
-
National Carbon Capture Center Launches Novel UNOGAS MK3 Solvent Testing
A significant step forward in carbon capture is underway at the National Carbon Capture Center (NCCC), where KC8 Capture Technologies’ (KC8) advanced UNOGAS system – featuring the innovative UNO MK...
-
SYSADVANCE North America Secures 2 Additional Contracts for Landfill Gas Upgrading Systems
SYSADVANCE North America has been selected to supply landfill gas upgrading solutions for projects in Lincoln, Nebraska, and Waco, Texas. The METHAGEN LF 3000F and METHAGEN LF 1800F systems were se...
-
ST. CLOUD, Minn., July 17, 2025 (GLOBE NEWSWIRE) -- NFI Group Inc. (TSX: NFI, OTC: NFYEF, TSX: NFI.DB), a leader in propulsion-agnostic bus and coach mobility solutions, subsidiary New Flyer of Ame...