France and Italy Request Temporary Suspension of EU Carbon Levy on Fertilizers

France and Italy have formally requested a temporary suspension of the EU's carbon border adjustment mechanism for fertilizers. The move highlights tensions between climate policy and agricultural relief, as European farmers face economic pressures.

Insights:
France FRFRand Italy ITIThave taken a bold step by requesting a temporary suspension of the European Union's EUEU newly implemented carbon border adjustment mechanism (CBAM) for fertilizers. The request, submitted in a draft statement to EU governments, is a response to the mounting economic pressures faced by European farmers due to weak cereal prices and increased costs from tariffs on Russian fertilizer imports.
A farmer prepares to use urea fertilizer in his cornfield in La Planche near Nantes, France, June 5, 2018. REUTERS/Stephane Mahe/File Photo
A farmer prepares to use urea fertilizer in his cornfield in La Planche near Nantes, France, June 5, 2018. REUTERS/Stephane Mahe/File Photo
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