Proponents are now making their case, spying an opening with the upcoming review and looming talks over the EU’s next seven-year budget, which will determine how the bloc repays the joint debt it took on in 2021 to stabilize a Covid-battered economy.
One of the plan’s biggest proponents, Poland, also currently holds sway over the EU’s policy conversation. The country will control the EU’s rotating six-month presidency until July, and its EU commissioner, Piotr Serafin, will oversee the budget portfolio for the next five years.
Of course, a CBAM expansion would only cover a small fraction of the EU’s debt payments, which are expected to run between €25 billion and 30 billion annually — up to 20 percent of the…
