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COMMISSION STAFF WORKING DOCUMENT IMPACT ASSESSMENT REPORT Accompanying the document Proposal for a regulation of the European Parliament and of the Council establishing a carbon border adjustment mechanism
Initiative summary:
The European Green Deal includes the firm ambition of making Europe climate-neutral by 2050. As long as many international partners do not share the same climate ambition, there is a risk of carbon leakage. Should these differences persist worldwide, a Carbon Border Adjustment Mechanism that effectively places a carbon price on imported products for selected sectors, can contribute to managing the risks of carbon leakage, reducing global emissions while keeping the carbon price signal.