CBAM — latest ecology news

Stakeholders can submit their feedback and comments on it until November 27

At the stage of submitting reports on CBAM, the business encountered problems that required the involvement of external expertise

According to stakeholders, this mechanism threatens the kingdom's climate policy

The country is considering different pricing models

They also raised the extremely urgent topic of preparation for the full implementation of CBAM from the beginning of 2026

A little more than a year is left before the full implementation of this mechanism

According to experts, the risks for our country from the introduction of a new carbon tax are very significant

The need to buy carbon certificates will significantly complicate imports into the European Union

This applies to both the temporal and economic components of eco-modernization

This is not the first such legislative initiative

The volume of reduction of CO2 emissions in the country may amount to 200 million tons by 2026, which is equal to all emissions of the EU steel sector

Most of the challenges are related to the growth of financial costs