Trade: Orgalim position on a possible Carbon Border Adjustment Mechanism - CBAM
Orgalim supports the EU's climate ambition and the goal of carbon neutrality by 2050. To be successful for Europe’s industry, we are advocating for a level playing field. To that extent, we agree with the rationale behind potential carbon border adjustment measures. The main objective of a carbon border adjustment should be to fight climate change by avoiding carbon leakage while at the same time taking into account the competitiveness of carbon-lean industries. Therefore, such measures should also avoid carbon leakage from the EU to third countries. Also, it must not result in non-EU companies redirecting their exports, so that carbon-friendly production increases in the EU while carbon-intensive production is moved outside the EU; this would lead to no overall carbon reductions globally.