EU to impose carbon border adjustment mechanism on steel, Al imports, other products

By IM Staff
Published: Friday, 11 June 2021

The European Commission (EC) plans to set a carbon border adjustment mechanism (CBAM) for imports of some goods, including steel and aluminium, to prevent the risk of carbon leakage, according to a draft of the EC’s proposal seen by Fastmarkets on June 10.

By Maria Tanatar

The mechanism will integrate into the EU’s current system that it established for greenhouse gas emissions allowance trading via the application of an equivalent regime for imports into the union, the EC said.

The mechanism will be applied to aluminium, iron, steel, cement, electricity and fertilizer...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.