Author: Nabeera
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European Commission proposes extending ETS free allowances for CBAM sectors until 2038
Companies to submit decarbonisation plans to retain allowances post 2030 European steel producers remain divided over revised ETS timeline The European Commission has proposed amendments to the European Union Emissions Trading System (EU ETS), extending the phase-out of free carbon allowances for sectors covered under the Carbon Border Adjustment Mechanism (CBAM), including steel, until 2038.…