CBAM: A Challenge and Opportunity for Indian Exporters
The European Union’s Carbon Border Adjustment Mechanism (CBAM) is set to reshape the landscape for Indian exports to the EU. While it presents certain hurdles, it can also be a catalyst for positive change. Industries Most Affected: CBAM will initially target: Iron and steel Aluminum Cement Fertilizers Electricity Exporters in these areas need to proactively […]
CBAM impact on Steel industry
CBAM has the potential to significantly impact the global steel industry. Here’s a breakdown of the key areas affected: 1. Cost Implications for Importers: Increased Costs for Non-EU Producers: Steel producers in countries with less stringent climate regulations will face higher costs when exporting to the EU. They’ll need to purchase CBAM certificates to offset […]
What Is CBAM?
Carbon Border Adjustment Mechanism: It’s an EU initiative designed to prevent “carbon leakage” and support the EU’s ambitious climate goals enshrined in the European Green Deal. Core Concept: CBAM essentially puts a price on the carbon emissions embedded in certain imported goods, leveling the playing field between EU producers (who already pay for carbon emissions […]
Navigating the Future: ESG Reporting in the Evolving Landscape of the Oil & Gas Sector
In recent years, Environmental, Social, and Governance (ESG) factors have become integral to business strategies across industries, prompting a paradigm shift in how companies approach sustainability and accountability. The oil and gas sector, often under scrutiny for its environmental impact, is no exception. As the world strives for a more sustainable future, the oil and […]
Navigating the Future: A Roadmap for Oil & Gas Companies in the Energy Transition
The global energy landscape is undergoing a profound transformation, driven by the urgent need to address climate change and shift towards sustainable, low-carbon alternatives. Oil and gas companies, traditionally at the forefront of the energy sector, are now faced with the imperative to adapt and embrace the energy transition. This seismic shift requires a strategic […]
The Local Community Impact of the Oil & Gas Industry: Navigating the Social Footprint
The oil and gas industry has long been a cornerstone of global energy production, providing the essential resources that power economies and communities worldwide. However, with progress comes responsibility, and the industry’s social footprint has increasingly become a focal point for scrutiny. In this blog post, we will delve into the local community impact of […]
