According to the European Parliament, members of the Committee on the Environment, Public Health and Food Safety have voted to expand the scope of the EU's carbon border adjustment mechanism. The proposed changes include extending the mechanism to incorporate downstream products, aiming to prevent potential loopholes in the current regulatory framework.
Furthermore, MEPs have supported the establishment of a fund designed to provide financial backing for the low-carbon transition of the industrial sector. This initiative, reported by the European Parliament on 6 July 2026, seeks to ensure that EU industries remain competitive while aligning with climate objectives.
Source: European Parliament. Read the original report ↗