Carbon Border Adjustment Mechanism: extension of its scope to downstream goods and anti-circumvention measures

A legislative procedure extending the scope of the Carbon Border Adjustment Mechanism (CBAM) to downstream goods and adding anti-circumvention measures. The amendments address circumvention practices such as resource shuffling and abusive import splitting, adjust reporting thresholds and administrative burden for SMEs and importers, provide for derogations, transitional arrangements and safeguards, extend coverage to further steel, chemical and downstream products, and revise rules on embedded emissions, electricity flows and CBAM revenues as an EU own resource.