How The EU’s Carbon Tax Scheme Is Reshaping Global Steel Trade ...Middle East

Via Metal Miner This month saw the launch of the EU’s CBAM policy, a much-needed abbreviation for Carbon Border Adjustment Mechanism. Officials designed the trade policy to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the European Union. They also hope it will encourage cleaner industrial production in non-EU countries. The policy will apply to a range of carbon-intensive products, including cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen. The intention is to protect…

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