echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > Rubber Plastic News > Carbon tariff "boots" landing, how the industry responds

    Carbon tariff "boots" landing, how the industry responds

    • Last Update: 2022-09-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On the evening of March 15, the Carbon Border Adjustment Mechanism (CBAM) was officially approved by the EU Council, which means that all European countries support the adoption of carbon tariff measures


    In the plan passed by the EU Council this time, the industries subject to carbon tariffs are steel, cement, electricity, fertilizer and aluminum.


    In the plan passed by the EU Council this time, the industries subject to carbon tariffs are steel, cement, electricity, fertilizer and aluminum.


    According to statistics from the General Administration of Customs of China, in 2021, China's steel exports to the EU will be 22.


    As far as China's chemical industry is concerned, although only chemical fertilizers are currently affected by the CBAM policy, the EU may also expand the scope of taxation on the export of other high-carbon chemical products in the future


    In order to weaken or even avoid the negative impact of carbon tariff policy on China's chemical industry and enterprises, corresponding countermeasures should be taken from the following three aspects


    First, enterprises should increase investment in technological innovation


    Second, China should vigorously carry out the construction of China's domestic carbon emission trading system (CN-ETS)


    The third is to address unilateral carbon pricing through joint climate action
    .
    China should actively participate in and lead the process of global climate governance, and strengthen cooperation with the EU in the field of clean energy, including cooperation with other industries that will be affected by mutual investment between China and the EU

    .
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.