Italy unveils “non-paper” for steel and energy-intensive industries

One of the objectives of the proposal is to protect European exporters by introducing mechanisms that guarantee a level playing field in terms of the price of CO₂ emissions in foreign markets.

Keeping Europe competitive in key productive sectors, supporting the path of energy-intensive industries towards the green transition, achieving the continent’s strategic autonomy and stopping the relocation of industries. With these objectives, Italy, together with Austria, Bulgaria and Poland, has submitted to the European institutions the non-paper on the revision of the Carbon Border Adjustment Mechanism (CBAM), which provides for the taxation of imports from non-EU countries with less stringent climate regulations, calculated on the basis of the amount of CO₂ incorporated or emitted for the production of goods. The document, promoted by the Minister of Enterprise and Made in Italy, Adolfo Urso, in agreement with the Minister of Environment and Energy, Gilberto Pichetto Fratín, proposes to the European Commission to bring forward the review clauses already planned until 2025, in order to improve the Cbam before its full entry into force in 2026. The CBAM, in fact, was created on October 2023, 2023 by Regulation (EU) 956/31, it is currently in a “transitional” phase that will end on December 2025, XNUMX.

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