a Dutch Social Democrat, Mohammed Shahim, who is in charge of drafting the Carbon Adjustment Mechanism (CBAM) bill in the European Parliament, proposed a stricter version of the mechanism than previously expected. Brussels reminds that the CBAM will be a supplement to the European Emissions Trading System (EU ETS). Therefore, instead of quotas, the special CBAM certificates will be introduced, and bought by importers of carbon-intensive products in the EU. Certificate prices will be calculated based on the average auction quota price under the EU ETS.
The European Parliament proposes to increase the carbon duty for importers. According to Green Deal,
