Industry News

Europe’s carbon border tax fuels green power rush amongst Indian aluminium & steel producers

Views : 654
Update time : 2024-09-04 15:23:01
The push to minimise emissions is not just limited to major aluminium and steel companies, infact their suppliers are also under pressure to reduce emissions across the supply chain. Renewable energy providers report that demand has surged beyond available capacity, with upcoming production already sold out for the next few years.

About CBAM

As part of global efforts to combat climate change, the European Union has introduced the Carbon Border Adjustment Mechanism (CBAM), a crucial measure aimed at regulating the import of carbon-intensive products, including aluminium. This mechanism imposes a tariff based on the emissions generated during manufacturing. The CBAM is scheduled to take effect in January 2026. In anticipation, the European Union has already begun requesting carbon emissions reports for goods exported to the EU.

Related News
Read More >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern