CBAM Tracker @CBAMTracker
Tracking global CBAM developments. Pune, Maharashtra Joined October 2023-
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2023 @AllThingsLNG Year in Review: Know Your Key LNG Players In 2023, this account created following threads spotlighting the Key LNG Players. A 🧵thread🧵
@annabrylka @KONFEDERACJA_ Following six products are required to report emissions under the current version of CBAM x.com/AllthingsLNG/s…
@unknowncorner @DivaJain2 Carbon Border Adjustment mechanism. See the pinned tweet to know in detail.
@SenWhitehouse China will add the cost of CBAM compliance in its export price and deliver the higher cost products to EU. If the EU constituents are amenable to the higher cost of goods, then no issues. Chinese steel will still be cheaper than EU steel due to lower cost of labor.
Exports account for only 8% of JSW India’s steel sales. If CBAM makes steel imports cost prohibitive, JSW can concentrate on supplying domestic demand of steel.
JSW Steel, India’s largest steelmaker, reported a net profit of $332.15 M for quarter ending Sept 30. This was attributed to robust domestic demand & lower input costs. Domestic sales increased 8%. Exports accounted for 11% of sales from India ops. #Steel
China gearing up for CBAM
China mandated 7 sectors, including iron & steel, to begin emission reporting and verification. This signals an expansion of the Emission Trading Scheme beyond the power gen sector. This aims to prepare them for reporting related to Carbon Border Adjustment Mechanism (CBAM).
China mandated 7 sectors, including iron & steel, to begin emission reporting and verification. This signals an expansion of the Emission Trading Scheme beyond the power gen sector. This aims to prepare them for reporting related to Carbon Border Adjustment Mechanism (CBAM).
On this month's #HorizonsLIVE, Ed Crooks, Elena Belletti, Hector Arreola and Isha Chaudhary, explore the likely impacts of the CBAM as it is fully implemented over the coming decade and beyond. Watch the full session on demand now: okt.to/9ylxOR
India’s infrastructure projects are on the rise. Domestic steel demand is rising while CBAM is being imposed on the country.
Bullish: India’s crude #steel output for Jan-Sept up 14% YoY, mainly due to infrastructure growth. Steel prices, which saw a decline in July/Aug, rebounded in Sept across various types of finished /semi-finished. #Metcoal #CokingCoal #Coal
@ncitayim But Europe doesn't want energy security. It wants energy transition.
EU first buys all the LNG on the market, leaving Asian countries no choice but to settle for burning coal. And then imposes a carbon tax on them. x.com/AllthingsLNG/s…
@ladraodoapito @arosamecanica @EuSouZarolho @inesjfrodrigues Good point. Since the Russia-Ukraine war, the EU has been hoarding natural gas, making the switch from coal to #LNG cost-prohibitive for Asian countries. Now, these same Asian countries are being subjected to a unilateral tax on carbon emissions. This behavior from the EU
China is asking for more consultation period x.com/YanQinyq/statu…
Latest response from 🇨🇳 on EU #CBAM 13 July: 'China urges EU to allow a sufficient consultation period during the process of formulating the implementing regulations, and to fully consider the concerns and opinions raised by members and stakeholders...'
Important criticisms on CBAM: “EU is not looking at equivalence of emission reductions, but equivalence of price,” the official said, adding that “to ensure acceptance of such a law by the EU, there needs to be an agreement to this effect”. Source: thehindubusinessline.com/economy/india-…
Important: Carbon tariff starts today in EU! "From Sunday, the start of the first phase of the so-called Carbon Border Adjustment Mechanism, importers from six carbon-intensive industries will be required to start reporting on their emissions." bloomberg.com/news/articles/…
@Ma_Deutsch Or UK will progressively increase the carbon tax on the portion of the exports going to EU in order to keep the revenue going to UK treasury instead of EU treasury. EU is forcing an equivalent Carbon taxation scheme on all importers.
@meghangordon Now all these countries are gearing up for declaring the carbon emissions on their products. What is the benchmark? What would be an acceptable format?
EU's carbon border tax may weaken China's steel, aluminum export advantage: spglobal.com/marketintellig… #CBAM #chinasteel
Self-congratulatory declaration on imposing carbon taxes on the poor. Good PR?
The EU's climate policies won't be compromised by production relocation. Today marks the beginning of the transitional phase for the Carbon Border Adjustment Mechanism, our landmark tool in combating carbon leakage. We are committed to safeguard our climate ambitions.
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