CBAM — latest ecology news
Ukrainian steel industry cannot compete with EU businesses due to the bloc's environmental requirements
The calculation is based on the prices of emission allowances within the EU ETS emissions trading system
Preliminarily, only direct emissions from the production of goods and products will be taken into account
Under the new "climate" mechanism, you have to pay for imports of metals, fertilizers, cement, and hydrogen
The indicators will allow for more accurate calculation of CO2 emissions in accordance with the European CBAM mechanism
Europe plans to help India implement CBAM, but will partially lift steel tariffs
Such a move could threaten both the mechanism itself and the competitiveness of European manufacturers
The country aims to reduce emissions and mitigate the impact of the European CBAM mechanism
Ferrous metallurgy remains the undisputed leader
The main focus in both Ukraine and the EU has been on finding a balance between the economy and the environment, while the main challenge for global climate policy has been the radical change in the US position
The EU encourages exporters to use verified data
Officials acknowledged that the system was too broad, cumbersome, and provided too many opportunities for circumvention