Preparing for upcoming institutional discussions, CEFS publishes today its position paper on the Carbon Border Adjustment Mechanism (CBAM).
According to the European Commission, this instrument aims to eliminate the risk of carbon leakage for certain sectors in the context of the Green Deal.
However, for sugar, CEFS does not believe the CBAM to be a viable instrument to eliminate the risk of carbon leakage. Indeed, among others, the CBAM may even lead to massive greenwashing of sugar imports from third countries. In addition, the CBAM focuses only on the climate impact of a product. Product comparison on that single basis will by insufficient, as the majority of aspects of environmental and social sustainability performance are not accounted for.
Discover more in our full position here.