BRUSSELS (Reuters) – The European Commission will propose exempting “the vast majority” of companies covered by the EU’s carbon border levy, on the grounds that they produce just 1% of emissions in the scheme, a draft commission proposal showed.
The move, which the commission is due to propose this week as part of a package of measures to cut red tape for businesses, would dramatically reduce the 200,000 importers currently covered by the European Union’s world-first carbon border fee.
(Reporting by Kate Abnett, editing by Bart Meijer)
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