The Clean Industrial Plan and the Green Deal

CBAM Weekly - Issue 7 - Jul 15, 2024

Helge Wieggrefe

CBAM Weekly

by Helge Wieggrefe

Following the European elections, the election for the Presidency of the European Commission was held. Ursula von der Leyen was elected with a Ursula von der Leyen was elected with a strong majority of 401 votes out of 719 MEPs. The new Commission President is therefore also the old one.
What majorities did she mobilize for this and what does this mean for the for the Green Deal and CBAM?

Support from the Greens

The fact that Ursula von der Leyen was ultimately supported by such a broad majority is primarily due to the Greens. They have somewhat surprisingly backed von der Leyen by a majority and thus gave her not only for the close exchange of views on the content of the in developing the political guidelines for the upcoming presidency, but also for the ambitious Green Deal.

The _Clean Industrial Plan

The new political guidelines are summarized under the term Clean Industrial Plan. They have been developed in the light of the prosperity and competitiveness of the European Union. As already stated after the European elections, the signs are changing here away from climate protection as the top priority.
The new plan provides for planning certainty and simpler regulations bureaucratization is planned. There will be fewer reporting obligations and more innovation. This is to be ensured through faster access to funding and an expansion of competencies. However, the focus also remains on robust supply chains.

The Clean Industrial Green Deal

With the new political guidelines, the President of the Commission guidelines is not a U-turn. Rather, the objectives of the Green Deal are being pursued. The European Union continues to aim to reduce to cut 90% of its greenhouse gas emissions by 2040 compared to 1990. by 2040. Funding is also to be made available primarily for new, green technologies. In addition, the expansion of competencies relates to those that drive the transformation of the climate-neutral economy.

The goals of the previous presidency will therefore continue to be are still being pursued, but this is now to be done in a more pragmatic way. Also Germany's oft-cited openness to technology is also emphasized in the new program.

The implications for CBAM

Ultimately, the new political guidelines confirm my classification after the European elections. The President of the Commission continues to pursue her ambitious goal of leading the European Union to climate neutrality. neutrality. To achieve this, she is now relying on new political majorities and thus new paths.

However, this does not change anything for CBAM. Although the emissions trading system may currently appear to be purely a reporting obligation a mere reporting obligation. However, this is a competition a competition policy measure, a pricing instrument. This fits seamlessly into the Clean Industrial Plan.

Especially as the role of international trade in the green transition is also emphasized here under the international trade for the green transition is emphasized. The The pricing of CO2 in the supply chain will therefore be an issue that will will continue to accompany us.

Support

If you need support in implementing the requirements of the CBAM or have problems obtaining actual emissions data from the supply chain data from the supply chain. Please contact me directly (helge@kolum.earth). We will be happy to support you!

Best regards Helge Wieggrefe

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