The EU and UK Carbon Border Adjustment Mechanisms (CBAM)

Thursday 12th September 2024

Theatre :  Made in the UK 

T1

Since Brexit, both the UK and EU have adopted separate emissions trading schemes (ETS) where major polluters trade allowances to emit carbon dioxide.

UK exporters are concerned about future costs as the UK’s carbon price is currently lower than the EU’s ETS.

Additionally, both regions are preparing to implement a Carbon Border Adjustment Mechanism (CBAM) to tax imported goods like steel based on their carbon emissions during production. This aims to shield UK and EU manufacturers from competition with global rivals benefiting from lax environmental standards.

Timing is critical: the UK’s CBAM is slated for launch in 2027, a year after the EU’s. There are fears that the UK could become a temporary dumping ground for iron and steel products seeking to avoid the EU’s CBAM.

Key topics include:

  • Overview of EU CBAM, reporting obligations, and timeline
  • Business preparations for potential impacts and reporting requirements under EU CBAM
  • UK CBAM developments and disparities with EU CBAM
  • Strategic and operational considerations amidst decarbonisation and sustainable business practices
  • Immediate actions for affected businesses
Frank S. Aaskov, Energy & Climate Change Policy Manager at Make UK (UK Steel)Frank S. Aaskov Energy & Climate Change Policy Manager
Make UK (UK Steel)
Nick Ogilvie, Sustainability Specialist at CarbonChainNick Ogilvie Sustainability Specialist
CarbonChain
Phil Checkley, Commercial Affairs at Tata Steel UKPhil Checkley Commercial Affairs
Tata Steel UK

Visitors who viewed this session also viewed


Keynote

“Transformation will create a viable, sustainable business”

7 Rapid-Fire Tech and Process Presentations

Join us for an electrifying session where 7 industry providers deliver rapid-fire presentations on cutting-edge technology and process innovations. A unique opportunity to quickly explore the latest technologies, services, and…

Culture + Robots = Winning Combination

Exploring the cultural considerations shaping the successful adoption of automation in diverse organisational contexts. From fostering innovation to redefining job roles, panelists will unpack the dynamics of navigating the human-robot…

Meet the Funder + Networking

In the dynamic and rapidly evolving landscape of sustainable industries, securing funding is crucial for driving innovation and achieving significant growth. Meet the Funder panel discussion aims to bridge the gap…

Advancing Structural Steelwork Reuse

There is a growing recognition of the advantages of reusing structural steel, driving the need for comprehensive advice and information. The SCI reuse protocol (SCI P427) addresses numerous technical queries…

Aluminium manufacturing with recycled scrap

The UK has an unprecedented opportunity to transition from a prime-aluminium-dominated industry to one centred on high-level post-consumer scrap recycling. This shift will support the expanding use of aluminium in…

©2024 UK Metals Expo Ltd. Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR | Contact us | Term of use | Privacy policy

Get in touch with us

Any queries? Please send the organiser an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?