Record Carbon Emissions in 2024: Impact and Future Trends
In 2024, the world witnessed a significant milestone in the ongoing battle against climate change. Global carbon emissions reached an unprecedented high, driven by a combination of economic recovery, adverse weather conditions, and persistent reliance on fossil fuels. This alarming trend highlights the urgent need for more robust and effective climate policies worldwide. Let’s explore […]
CBAM & Iron/Steel: Decoding Specific Embedded Emissions Calculations
Step 1 – Define system boundaries Everything shown in red color, along with Generated Electricity (shown in sky blue) is to be monitored Step 2 – Monitoring Method 1. Determine quantities of fuels and input materials consumed 2. Determine calculation factors e.g. net calorific value, emission factor Fuels – from Annex E of the document […]
CBAM Compliance: Understanding Scope and Calculating Embedded Emissions
Introduction Are you ready for the EU’s Carbon Border Adjustment Mechanism (CBAM)? Understanding the scope of reportable emissions and how to calculate them is crucial for compliance. This article breaks down the key concepts and steps involved. Inclusions Scope 1 – Direct Emission (Company Production): Emissions from your CBAM goods production processes. Scope 2 – […]
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 […]
