Boston Consulting Group: EU carbon tariffs will change market competition

Original title: The Boston Consulting Group released a report that the EU carbon tariffs will change the market competition landscape

Our reporter: Yuan Yong

The EU carbon tariff policy is expected to be implemented from 2023, which will pose a major challenge to companies with high greenhouse gas emissions.

The report believes that the impact of EU carbon tariffs on different industries mainly depends on two major factors: carbon emission intensity and trade intensity.

The report believes that coke, petroleum refined products, mining and quarrying are the industries most directly affected by carbon tariffs.

The report pointed out that for external companies that export goods to the EU, carbon tariffs will directly affect their competitiveness.

The report recommends that corporate CEOs should consider the following related measures to deal with the possible impact of EU carbon tariffs: assess risk exposure, understand their own carbon emissions, be in line with EU competitors, establish corresponding accounting and reporting capabilities; adopt internal Carbon pricing, tracking carbon pricing through parallel accounting methods, measuring the impact of carbon prices on products and other related costs, and incorporating the information into management’s cost accounting reports; preparing instruction manuals to manage the supply chain more flexibly, and to understand internal reductions Arrange the curve and clarify the specific road map.