CBAM

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

The country is taking steps to reduce carbon emissions in industry

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

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

China's national ETS currently only covers the energy sector

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

The EU reached a preliminary agreement on CBAM in December 2022

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

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

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

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

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