CBAM financial contribution

Contents

THE COUNCIL OF THE EUROPEAN UNION,Having regard to the Treaty on the Functioning of the European Union, and in particular Article 192(1), in conjunction with Article 218(9), thereof,Having regard to Council Regulation (EC) No 2894/94 of 28 November 1994 concerning arrangements for implementing the Agreement on the European Economic Area^note, and in particular Article 1(3) thereof,Having regard to the proposal from the European Commission,Whereas:

(1)The Agreement on the European Economic Area^note (the ‘EEA Agreement’) entered into force on 1 January 1994.

(2)Pursuant to Article 98 of the EEA Agreement, the EEA Joint Committee is able to adopt amendments, inter alia, of Protocol 10 to the EEA Agreement, on simplification of inspections and formalities in respect of carriage of goods, and Protocol 31 to the EEA Agreement, on cooperation in specific fields outside the four freedoms.

(3)EEA EFTA States are to contribute financially to the operation of the systems needed for the operation of the carbon border adjustment mechanism (CBAM) across the whole EEA via a mechanism established in parallel through a separate decision of the EEA Joint Committee amending Protocol 10 and Protocol 31 to the EEA Agreement.

(4)Protocol 10 and Protocol 31 to the EEA Agreement should therefore be amended accordingly.

(5)It is therefore appropriate to establish the position to be adopted within the EEA Joint Committee concerning the amendment of Protocol 10 and Protocol 31 to the EEA Agreement,

HAS ADOPTED THIS DECISION: