EU weighing CBAM accounting for non-pricing climate measures

A carbon border adjustment mechanism proposed by the European Commission could be modified to account for emissions reduction schemes beyond just carbon pricing potentially like those in the U.S. according to a draft recommendation from an EU Parliament committee reviewing the proposal.
The European Commission’s plan, announced earlier this year, would establish the world’s first carbon border adjustment measure. Madelaine Tuininga, head of unit for sustainable development and the European Green Deal at the European Commission’s Directorate General for Trade, has said the proposed measure would “mirror” the EU’s carbon pricing scheme by creating an adjustment mechanism that would apply to imports in certain carbon-intensive sectors. In a draft opinion on the proposal published last week, the EU Parliament’s Committee on Trade said the Commission should explore reaching agreements with trading partners that could take into account “carbon reduction policies other than carbon pricing,” among other recommendations. The Commission’s propos a l suggested it would consider reaching such agreements only with trading partners that set a price on carbon. [...]
EU Parliament Committee on International Trade Chair Bernd Lange, in a statement about the U.S.-EU deal last month, said the agreement “shows both sides want to intensify cooperation on carbon leakage.” [...]