Hydrogen Europe Research’s Statement on the European Parliament’s Report on the Carbon Border Adjustment Mechanism (CBAM)
- Policy Working Group
On 22 June, the European Parliament adopted its position on the regulation establishing the world’s first Carbon Border Adjustment Mechanism (CBAM). In light of the EU´s Green Deal and the enormous transformation process taking place in an international competitive setting characterised by different CO2 pricing levels, effective protection measures against so-called “carbon leakages” are required.
Hydrogen Europe Research (HER) acknowledges the relevance of such a mechanism to avoid carbon leakages. Furthermore, HER is fully aligned with Hydrogen Europe´s position on the need to ensure a level playing field as well as incentivising investments in third counties to ramp up global decarbonisation efforts.