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CBAM - Latest news GMK Center

Photo – India criticizes EU proposal for carbon tax for its industry
India criticizes EU proposal for carbon tax for its industry

The country considers this plan unacceptable and harmful to its economic interests

Photo – Malaysia needs its own CBAM analog
Malaysia needs its own CBAM analog

The country's government is considering introducing a price on carbon emissions exclusively for steel industry

Photo – Proliferation of CBAM analogs could affect Brazil’s exports – IISD
Proliferation of CBAM analogs could affect Brazil’s exports – IISD

The main concern that the mechanism causes in the country is related to its role in global trade

Photo – European CBAM will cost India 0.05% of GDP – analysts
European CBAM will cost India 0.05% of GDP – analysts

Exports of goods to EU covered by CBAM accounted for 9.91% of India's total exports to the bloc in 2022-23

Photo – South Africa criticises UK plans to introduce CBAM analogue
South Africa criticises UK plans to introduce CBAM analogue

South Africa notes that this step may contradict WTO rules

Photo – CBAM could harm developing economies – South Africa
CBAM could harm developing economies – South Africa

The countries of the region should abandon fossil fuels in favor of green energy

Photo – China approves 7.1 million tonnes of new EAF-based steel capacity in first half of the year
China approves 7.1 million tonnes of new EAF-based steel capacity in first half of the year

The country is accelerating the transition to sustainable steel as the full launch of CBAM approaches

Photo – FEU put forward proposals for effective implementation of the ETS in Ukraine
FEU put forward proposals for effective implementation of the ETS in Ukraine

The Federation prepared and sent a corresponding letter of appeal to the Ministry of Environmental Protection and Natural Resources of Ukraine

Photo – Ukraine needs to intensify negotiations with EU on CBAM
Ukraine needs to intensify negotiations with EU on CBAM

The optimal option is to recognize force majeure and apply a declaratory approach to Ukrainian imports subject to CBAM

Photo – Turk Eximbank raises €1 billion loan to help exporters adapt to CBAM
Turk Eximbank raises €1 billion loan to help exporters adapt to CBAM

The loan under the Türkiye Green Export Project is granted for 10 years

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