The European Parliament has approved the exemption of the outermost regions from the Carbon Border Adjustment Mechanism. This decision aims to protect the local economy from rising prices of imported materials. While welcomed, this progress still needs to be confirmed during negotiations with the Council and the Commission. Overseas elected officials are urging the Government to defend this measure during the upcoming discussions.
Carbon tax exemption: a victory for the Overseas Territories in the European Parliament
This article was updated at 08:55.