CBAM

CBAM is a real challenge for the European steel industry

Ukrainian exporters to the EU should keep abreast of the future details of CBAM implementation as the mechanism is still being developed

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India is cooperating with the EU on CBAM implementation

The country is taking steps to reduce carbon emissions in industry

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The European Parliament approved the CBAM and the reform of the emissions trading system

CBAM will apply from October 1, 2023, with a transitional period

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UK Steel supported consultations on the UK CBAM

Costs of British steel producers on carbon emissions in 2022 amounted to approximately $148 million

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European CBAM will accelerate decarbonization in China

China's national ETS currently only covers the energy sector

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US steel producers do not express concern about CBAM

At the same time, analysts believe that decarbonization efforts should be global

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Inconsistency in EU and US approaches will affect global climate efforts

The EU reached a preliminary agreement on CBAM in December 2022

Adolfo Aiello: CBAM should motivate non-EU steel producers to decarbonise

EUROFER Deputy Director General Climate and Energy about the deal on the Carbon Border Adjustment Mechanism and review the Emissions Trading System in EU

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The US is concerned about the EU’s cross-border carbon tariff

American lawmakers believe that the introduction of CBAM could become problematic for the United States

A strong industrial base should be a strategic priority for the EU — EUROFER

The association calls on EU politicians to find a solution for exports within the framework of CBAM

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The EU is introducing a border tariff on carbon emissions

The tariff will apply to imports of iron, steel and aluminum

Carbon tax will cost for European steel importers €2 billion/year – BCG

By 2032, the cost of iron and steel imported into the EU from the US and the UK could increase by 6%

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