European Parliament approves major Carbon Border Adjustment Mechanism reforms introducing 50 metric ton import threshold. The changes exempt 90% of importers, mainly small & medium enterprises, from compliance obligations. Despite widespread exemptions, 99% of emissions from iron, steel, aluminum, cement & fertilizers remain covered. The reforms streamline authorization processes, simplify verification procedures & clarify financial liability arrangements. Stronger anti-abuse measures prevent threshold exploitation while supporting EU competitiveness & climate neutrality goals.