Glass for Europe has released its recommendations on the Carbon Border Adjustment Mechanism (CBAM). It is the association’s belief that the following elements are necessary to help the realisation of the sector’s 2050 vision:
- New sectors like flat glass manufacturing should not be introduced into the CBAM before the impacts on these sectors have been carefully assessed.
- It is essential for the CBAM to preserve complex EU-based value chains by avoiding loopholes and possibilities for circumvention.
- The mechanism needs to indistinctively apply to all imported products regardless of their country of origin, without discrimination.
- Reciprocity at global level should be addressed through a solution for EU exports.
- The CBAM must mirror the EU ETS rules on annual monitoring, reporting and verification requirements with data verified by an EU accredited verifier, as well as on emission coverage and calculation to encourage third country producers to reduce CO2 emissions.
- The system must allow for a smooth transition for the European industry.
Read Glass for Europe position paper “The Carbon Border Adjustment Mechanism needs careful design to preserve Europe’s industries and value chains.”