Tag: CBAMCC
Effective CBAM cost management: Strategic and financial implications
On October 1, 2023, the EU's Carbon Border Adjustment Mechanism (CBAM) came into effect. CBAM fundamentally changes global trade in CO2-intensive products. Since October 2023, importers of iron
& steel products have to report embedded emissions in their products. Starting with imports in 2026, importers will also have to pay for the emissions contained in the imported products — a development with far-reaching implications for procurement, risk management, and supply chains. The potentially significant financial risks for producers, industry, and traders can be mitigated with forward-looking strategies.