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CBAM - Latest news GMK Center

Photo – Germany named the agency responsible for CBAM
Germany named the agency responsible for CBAM

The DEHSt Emissions Trading Authority will be the contact authority for import reports

Photo – UK plans to introduce a tax on imports of carbon steel by 2027
UK plans to introduce a tax on imports of carbon steel by 2027

In this way, the government plans to protect the local industry from cheap imports from countries with less strict climate policies

Photo – The African Development Bank calls for the continent’s countries to be freed from CBAM
The African Development Bank calls for the continent’s countries to be freed from CBAM

The region currently relies on fossil fuels to support industrialization

Photo – The implementation of CBAM is causing difficulties for European traders
The implementation of CBAM is causing difficulties for European traders

Market participants do not receive the necessary explanations regarding the mechanism

Photo – CBAM is an important part of the company’s business model – H2 Green Steel
CBAM is an important part of the company’s business model – H2 Green Steel

Green steel can become competitive with carbon-containing analogues within ten years

Photo – India is concerned about a potential British equivalent of CBAM
India is concerned about a potential British equivalent of CBAM

The country seeks to provide a mechanism for resolving these issues in a free trade agreement

Photo – Japanese steelmakers point to problematic issues regarding CBAM
Japanese steelmakers point to problematic issues regarding CBAM

One of the caveats is the large volume of data required by the European reporting system

Photo – UK plans to introduce a carbon tax in 2026
UK plans to introduce a carbon tax in 2026

In this way, the country will protect local producers from unfair competition from regions with lower carbon costs

Photo – Latin America may introduce regional equivalents of CBAM
Latin America may introduce regional equivalents of CBAM

In this way, the countries of the region can balance trade in the future

Photo – India to oppose CBAM at World Trade Organization
India to oppose CBAM at World Trade Organization

At the same time, the country's producers consider it necessary to study the barriers to cheap imports

Photo – Türkiye plans to introduce a national emissions trading system in 2024
Türkiye plans to introduce a national emissions trading system in 2024

The system will be developed in line with the EU's CBAM

Photo – Chinese steelmakers see CBAM as a new trade barrier
Chinese steelmakers see CBAM as a new trade barrier

CISA called for further negotiations with the EU on climate issues

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