10,871.48 TRY BIST 100 BIST 100
4.58 CNY CNY CNY
33.02 USD USD USD
35.84 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.28 TRY Interest Interest
82.44 USD Fossil Oil Fossil Oil
27.89 USD Silver Silver
4.13 USD Copper Copper
99.08 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,524.70 TRY Gold (gr) Gold (gr)

Exporters expect clarity on carbon implementation at the border

The Carbon Border Adjustment Mechanism comes into effect on 1 October 2023.

Exporters expect clarity on carbon implementation at the border

Uncertain points, from the cost of the certification to the measurement criteria, prevent the private sector from seeing ahead. While the exporters draw attention to the importance of the implementation of the national emissions trading system, they warn that otherwise the resource that is not allocated for conversion will have to be paid as tax to the EU.

The Carbon Border Adjustment Mechanism (CBAM) will enter into force on 1 October 2023, with reporting for data collection purposes. All eyes are on the related sectors in Turkey. At the first stage, the application will cover the most carbon-intensive sectors such as rebar and steel, cement, fertilizer, aluminum, electricity and hydrogen and some sub-products. Turkish exporters have been trying to take various actions, especially sustainable energy investments, to 'green' their production processes for some time. However, the lack of clarity in some criteria in CBAM worries everyone.

Companies exporting to the EU want issues such as how to obtain CBAM certificates from which institution, what the price will be per product, and whether there will be a set-off with environmental taxes paid in Turkey as soon as possible. At the same time, exporters say that the national emissions trading system in Turkey should be adopted as soon as possible.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

China's export growth leads to a decrease in global steel prices

Friday, July 26, 2024

Arab steel production surges in early 2024 despite mixed monthly performance

Friday, July 26, 2024

Dangote will not enter Nigeria's steel sector

Friday, July 26, 2024

China's scrap market continues to be volatile

Friday, July 26, 2024

Indonesia’s housing initiative boosts steel sector

Friday, July 26, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now