Within its efforts to streamline administrative obligations and cut costs for businesses, the European Union is about to reduce the Carbon Border Adjustment Mechanism (CBAM) drastically. More than 80% of companies will be exempted, European Commissioner …

BRUSSELS — The EU will soon propose exempting roughly 4 in 5 EU businesses from a new carbon border tax, the bloc’s climate chief, Wopke Hoekstra, told lawmakers Thursday. Hoepka suggested the vast majority of firms not contributing to carbon pollution …

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… long complained about Canada and European countries being laggards when it … living and scrapping the consumer carbon tax. He also took aim at …

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… , could be restructured into a carbon tax, potentially generating $2 billion to … to global markets. With the European Union tightening regulations under its …