The revised CBAM rules are expected to be adopted in early December.

EU member states will vote on the remaining rules for implementing the Cross-Border Carbon Adjustment Mechanism (CBAM) in mid-November this year. This was reported by Carbon Pulse, citing Martin Becker, Deputy Head of the European Commission’s Directorate-General for Taxation and Customs Union (TAXUD).

At the same time, a proposal to combat circumvention and extend the mechanism’s validity period will be submitted for consideration in early December.

According to the portal, a proposal to extend CBAM to supply chains in existing sectors, strengthen anti-circumvention provisions, and revise electricity rules will be presented in early December.

About ten implementing acts remain to be finalized – legislative initiatives that only require approval by member states. They will determine key details such as reporting methods, conditions for accrediting verifiers, recognition of carbon prices paid in third countries, pricing of CBAM certificates, etc.

It should be noted that the EU will offer development funding to countries affected by the cross-border carbon adjustment mechanism. This was announced by the European Commission when presenting its international strategy for securing Europe’s place in global markets.

The document, which sets out the bloc’s new global vision on climate and energy, refers in particular to support through a new instrument, Global Europe, with a proposed budget of €200 billion for 2028-2034 and a target of 30% of spending on climate and the environment.