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
-
Why Texas, Arizona & West Virginia Are Making History
Inside This Issue 🗺️ Three States Just Took Control of CCS Permitting. Here's What It Means. ⛏️ QIMC's U.S. SPV, Orvian, Awarded Two RGRAs From the State of Minnesota to Advance Next-Generation Na...
-
Why Two Korean Giants Just Bet Big on US Wood Waste
Inside This Issue 🌲 Why Two Korean Giants Just Bet Big on US Wood Waste 🧪 Primary Hydrogen Identifies 8-kilometre Hydrogen Anomaly at Crooked Amphibolite Project in British Columbia 🚇 Carbon Captu...
-
This Tech Could Rewrite Hydrogen Economics
Inside This Issue ⚗️ ExxonMobil-BASF Partnership Signals Turquoise Hydrogen's Shift From Lab to Industrial Scale 🧱 API Endorses Use of Portland Cement in Carbon Storage Wells 🤝 CCME Engages at the...
Company Announcements
-
Progress is being made to advance clean power and connectivity for Nunavut RANKIN INLET, Nunavut, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Nukik Corporation today announced two major steps forward in adv...
-
HIF Global Receives Environmental Location Feasibility Approval for E-Fuels Project
HIF Global, the world's leading e-Fuels company, announced that Uruguay's Ministry of Environment has granted Environmental Location Feasibility (VAL) approval for the e-Fuels facility the company ...
-
Airhive Opens One of the World’s Largest and Lowest-Cost Direct Air Capture Systems
Technologically advanced 1,000-tonne per year system in Canada will soon achieve costs below $500 per tonne, a significant reduction for DAC UK-based Airhive has started operations at a direct air...
-
CALGARY, AB, Nov. 27, 2025 /CNW/ - The world is changing rapidly. The United States, the world's largest economy, is fundamentally reshaping all its trade relationships, causing major disruption an...