CBAM becomes financial instrument: European Commission prepares standard prices for carbon allowancesThe Carbon Border Adjustment Mechanism (CBAM) is gradually transforming from a climate instrument to a financial one. The European Commission is working on developing standard prices for carbon allowances for different countries, sectors and products. This was announced by David Cruz, a CBAM specialist at the Norwegian company CEMAsys, following a conference organized by Esade and Fundación Repsol.According to him, this is especially relevant for more than 700 Combined Nomenclature (CN) codes.
The European Commission has set itself two key goals:
To estimate a fair "base price" for carbon allowances in cases where reliable data are lacking, in particular for imports from countries that do not have an emissions trading system.
To create a single methodology that will promote transparency and compliance with global trade practices.
CBAM is already going beyond climate regulation — it is becoming a platform for global financial and trade decisions related to carbon emissions.
Source: https://ecopolitic.com.ua/ua/news/u-ies-rozroblyajut-standartni-cini-na-vuglecevi-kvoti/
