EU May Pause Carbon Levy on Fertilizers If Market Damage Emerges

The European Union may temporarily suspend its carbon border levies on goods including fertilizers should monitoring uncover any “unforeseen” market impact, Trade Commissioner Maros Sefcovic said.

Sefcovic commented after French Agriculture Minister Annie Genevard indicated in a posting on X earlier Wednesday that the EU was set to suspend its Carbon Border Adjustment Mechanism with respect to fertilizers in order to help farmers struggling with extra costs.

The European Commission will issue guidance on a measure it proposed in December that would allow for a temporary suspension of the CBAM on certain goods such as fertilizers should market monitoring indicate ...