Prime Minister Mark Carney says Canada and the European Union are working to resolve concerns over the bloc’s carbon border levy, which could affect Canadian exports of carbon-intensive goods.
Carney told reporters at the closing news conference of last week’s Canada-EU summit in Montreal that the two sides are seeking common solutions to trade concerns related to the EU’s Carbon Border Adjustment Mechanism (CBAM).
Carney made the comments while responding to a reporter who asked European Commission President Ursula von der Leyen whether the EU would exempt Canadian products from CBAM and its deforestation regulation, and whether Carney would press for such exemptions….