This month continued to see a series of updates resulting from the Omnibus review which happened in February 2025. The latest detailing that some 90% of companies would now not be subject to the CBAM Carbon Import Tax.
In an article from ESG Today they explained that the lawmakers noted that the changes would leave the impact of the regulation largely intact, with 99% of emissions from key carbon intensive industries’ imports such as iron, steel, aluminium, cement and fertilizers, remaining in the CBAM scope.
But again I would question what does this mean? Is it just a reflection of the current economic and political challenges we are facing globally, that has made the EU decision makers re-think the impact? Or was it unrealistic from the start to expect these companies to be able to absorb these costs?
On this particular change to legislation, I do understand it more, as we need the EU to remain competitive. I think it is also good that a large number of organisations have also now spent time really looking into how they set strategic goals to manage their carbon impact more carefully.
Many of our clients are just asking for help in educating and training their teams. Because it is not just about keeping on top of these legislation changes, but instilling a core sustainability mindset into the organisation.
Let's see what happens next with the Exposure Drafts for the ESRS due in July for publication and feedback in August and September. And how potentially impacts associated legislation changes.
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