CBAM: "an average taxation at country level rather than plant by plant" (Marc Ferracci, French Minister)

"At the Franco-German Council of Ministers, we agreed on a number of points, notably the need to revise the CBAM mechanism, which has a number of flaws and can be circumvented. We want to tax imports at the country of origin level, applying a national average value rather than factory by factory. This will prevent CBAM circumvention by...