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European Commission releases Omnibus Package I proposal to simplify EU Carbon Border Adjustment Mechanism regulation

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European Union

  • The EU's Competitiveness Compass sets out a path to strengthen the EU's competitiveness and economic prosperity.
  • Regulatory simplification is part of the roadmap, starting with the Omnibus Package I, introduced on 26 February, which focuses on sustainability regulation.
  • One of the proposed changes for CBAM is a new de minimis threshold.
  • For any affected businesses — or potentially affected businesses…

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