CBAM and the Future of Carbon-Intensive Industries
The Carbon Border Adjustment Mechanism (CBAM) is set to transform the landscape for carbon-intensive industries like steel, cement, chemicals, and aluminum. As the EU rolls out this policy to combat carbon leakage, businesses in these sectors must innovate or risk losing their competitive edge. Let’s explore what CBAM means for these industries and how they […]
The Role of CBAM in Achieving Net-Zero Goals
The race to net-zero is on, and the Carbon Border Adjustment Mechanism (CBAM) is emerging as a game-changer in the global effort to combat climate change. But what exactly is CBAM, and how does it align with the world’s net-zero ambitions? Let’s dive in. What is CBAM? CBAM is a policy tool introduced by the […]
CBAM vs. Carbon Tax: Key Differences and Global Implications
CBAM vs. Carbon Tax: Key Differences and Global Implications The fight against climate change has brought carbon pricing mechanisms into the spotlight. Two of the most discussed tools are the Carbon Border Adjustment Mechanism (CBAM) and Carbon Taxes. While both aim to reduce greenhouse gas emissions, they operate differently and have unique global implications. Let’s […]
Emissions Reporting – Mandatory or Not?
The landscape of corporate sustainability reporting is rapidly evolving, with increasing focus on Scope 3 greenhouse gas (GHG) emissions. This newsletter clarifies the current status of mandatory Scope 3 emissions reporting and explores the implications for businesses. What are Scope 3 Emissions? Scope 3 emissions are indirect GHG emissions that occur in a company’s value […]
How To Fill a CBAM Report?
The EU’s Carbon Border Adjustment Mechanism (CBAM) requires importers of certain goods to report on the embedded emissions in their products. This newsletter provides a brief overview of the key steps involved in filling out a CBAM report. Key Steps in CBAM Reporting: Data Collection:Accurate Emissions Data: Gather precise data on the greenhouse gas emissions […]
Decoding Emission Leakage: Causes, Impacts, and Solutions
Emission leakage is a critical challenge in the fight against climate change. It occurs when climate policies in one region unintentionally lead to an increase in emissions elsewhere. How it Works: Cost Increases: When a country implements stricter environmental regulations (like carbon taxes or emissions trading systems), it can increase the production costs for certain […]
