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The Carbon Border Adjustment Mechanism (CBAM) will test whether the EU can address carbon leakage while keeping investment in Europe. As implementation of the CBAM advances, companies face costs and reporting duties under rules that are still taking shape. Preventing carbon leakage matters. However, the CBAM should work in practice before scope extension is considered. Moving too soon could place burdens on companies and disrupt value chains, with consequences for investment and trade. The focus should be on avoiding measures that introduce further uncertainty and extending proposed safeguards in the Temporary Decarbonisation Fund beyond 2027. Learn how to shape the CBAM so it prevents carbon leakage while maintaining competitiveness. 

On Tuesday, 10 June, Thibaut L’Ortye spoke at EUROPEN’s panel on Global Partnerships and the EU Single Market. The discussion focused on how Europe can strengthen its competitiveness and attractiveness as an investment destination. Mr L’Ortye underlined the importance of external partnerships to support supply chains, particularly in areas such as critical minerals and AI, as well as secondary raw materials. He also highlighted the need for the EU to remain open to international investors while pursuing its economic security objectives.

Predictability in EU-US relations, Europe’s competitiveness agenda and the future of the Single Market were centre stage during AmCham EU’s Executive Council Spring Plenary on Monday, 8 and Tuesday, 9 June. Our senior business leaders met with EU, US and Member State policymakers to discuss the pressures shaping investment decisions in Europe. The group engaged with the following officials: Tomas Baert, Trade Adviser in the Cabinet of European Commission President Ursula von der Leyen; Thomas Hans Ossowski, German Ambassador to the EU; Andrius Kubilius, European Commissioner for Defence and Space; Roberta Metsola, President of the European Parliament and Andrew Puzder, US Ambassador to the EU.