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Joint Industry Recommendation on Carbon Border Adjustment Mechanism
25/04/2022
JBCE jointed by Japan Chemical Industry Association, Japan Electronics and Information Technology Industries Association and Japan Steel and Iron Association submitted the Recommendation on Carbon Border Adjustment Mechanism as follows,
Our key recommendations:
- Instead of carbon pricing, GHG emission intensity of products should be counted in the CBAM
- Ensure the same rules for calculating GHG emissions for imports and domestic products and respect the global rule-making process
- Ensure WTO compatibility
- Need more assessment before deciding the expansion of the scope to other product
JBCE will continue to address the impact of CBAM on industries and to keep you posted for further developments.
For more information please contact:
Hideaki Asada
Policy Manager (Trade Policy)