BRUSSELS — For once, Europe’s heavy industry is lobbying to save a climate law.
Manufacturers are worried the European Commission is undermining the bloc’s new carbon tariff regime, a key pillar of EU climate policy, with a plan to give itself discretionary powers to suspend parts of the new measure.
They warn the move is throwing investment plans into disarray and threatening much-needed decarbonization projects.
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The EU executive wants to grant itself the power to exempt goods from the just-launched carbon border adjustment mechanism (CBAM), which requires importers of certain products to pay for planet-warming pollution emitted during the production process.
