Two Commission proposals went out in July while the corrected default values were taking the headlines. Neither is adopted, and neither touches the number you are pricing for 2026 or 2027. Both matter if you are budgeting beyond that, or if you sell into Norway.
17 July: the EU ETS review would slow the CBAM phase-in from 2028
The Commission's proposal for the next phase of the EU Emissions Trading System, COM(2026) 616, would reintroduce 15% of the phased-out free allocation for CBAM sectors from 2028 and end the phase-out in 2038 instead of 2034. In CBAM terms that means a larger benchmark deduction from 2028 on, so fewer certificates per tonne than the schedule in force today.
The schedule in force is the one this site uses: a CBAM factor of 97.5% in 2026, 95% in 2027 and 90% in 2028 under Regulation (EU) 2025/2620. The proposal is in the ordinary legislative procedure, with agreement targeted by the end of the first quarter of 2027. Until it is adopted, the 2028 column on every page here follows current law and carries a one-line note saying so. When the text is final, the factor changes in one place and every 2028 figure follows.
1 July: CBAM into the EEA Agreement
COM(2026) 335 is a proposal for a Council Decision on the position the EU will take in the EEA Joint Committee: to incorporate the CBAM Regulation and its 2025 simplification into Annex XX of the EEA Agreement. The explanatory memorandum says the draft decision “establishes participation of the EEA EFTA States in the Carbon Border Adjustment Mechanism”, with those states contributing to the cost of the systems that run it.
In practice: importers in Norway, Iceland and Liechtenstein would run CBAM on their own imports from third countries, on the same default values and certificate price as EU importers. Goods produced in those three countries are already outside EU CBAM scope, because they are in the EU ETS, and that does not change. There is no application date yet; it depends on the Council adopting the position and the Joint Committee taking its decision.
What to do with this
- Keep pricing 2026 and 2027 on the values and factors here. Nothing in July changed them.
- If a 2028 figure goes into a budget or a contract, label it “current law, proposal pending”. The calculator and the bulk calculator now say the same next to the source line.
- If you supply Norwegian buyers, expect the same data request an EU buyer sends. The supplier data templates cover it.