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CBAM - Latest news GMK Center

Photo – Turkiye needs an emissions trading system aligned with the EU ETS
Turkiye needs an emissions trading system aligned with the EU ETS

The country's steel industry has an advantage due to the extensive use of EAF

Photo – Ukrainian business will offer the market concept for local emissions trading system
Ukrainian business will offer the market concept for local emissions trading system

The analyst company GMK Center will be the executor of the study

Photo – India is asking the EU to recognize its carbon credit trading scheme
India is asking the EU to recognize its carbon credit trading scheme

The country strives for the development of the internal carbon market

Photo – The UK starts consultations on its own analogue of CBAM
The UK starts consultations on its own analogue of CBAM

The UK and the EU will strengthen the coordination of mechanisms for carbon adjustment of imports

Photo – Europe needs Ukraine as an industrial potential
Europe needs Ukraine as an industrial potential

The Ukrainian industry can change and become more environmentally friendly. This is only a matter of means and geopolitics

Photo – Businesses are ready to invest in BAT under understandable condition
Businesses are ready to invest in BAT under understandable condition

Steel producers are ready to invest in environmental modernization as much as necessary, but they want political money back guarantees

Photo – Environmental modernization needs government support
Environmental modernization needs government support

Following the example of the European Union, Ukraine needs to provide companies with financial support for environmental modernization

Photo – The introduction of the CBAM may worsen the position of steel industry
The introduction of the CBAM may worsen the position of steel industry

It is necessary to think over compensatory mechanisms to support the operation of steelmaking companies

Photo – Economic stagnation is a key risk for climate policy
Economic stagnation is a key risk for climate policy

A cut in emissions is impossible if it is not backed up by economic growth

Photo – CBAM introduction will not accelerate the environmental modernization of the industry
CBAM introduction will not accelerate the environmental modernization of the industry

The CBAM will cause a decrease in Ukrainian producers’ investments

Photo – The CBAM’s impact on the steel industry
The CBAM’s impact on the steel industry

The steel sector of Ukraine will be among the most affected by the imposition of the CBA

Photo – CBAM targeting steelmakers to sparkle an annual 0.5% drop in Ukraine’s GDP
CBAM targeting steelmakers to sparkle an annual 0.5% drop in Ukraine’s GDP

The imposition of the Carbon Border Adjustment Mechanism might lead to a decrease in the competitiveness of Ukrainian exports

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