With its vote on the CBAM regulation, the European Parliament fails to deliver a bullet-proof carbon leakage tool

Brussels, 23 June 2022 – Following the European Parliament’s Plenary vote on the Carbon Border Adjustment Mechanism (CBAM), the manufacturing alliance AEGIS Europe expresses its disappointment about the outcome of the vote. The interests of the European industry and the millions of jobs it represents have been completely disregarded. But the effects on climate of the agreement reached in the Parliament should also be approached with a healthy dose of skepticism. Read our press release here.