The EU Commission has proposed an amendment to the EU Climate Law, which would allow the use of “high-quality” Article 6 carbon credits from 2036 as part of its 2040 climate target, it announced on Wednesday July 2. Up to 3% of 1990 EU net emissions would be allowed to be covered by these credits.

The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.

CBAM creates a new frontier of opportunity for low-emissions producers who can offer cost-effective, sustainable alternatives.

The UK and EU have agreed a Common Understanding to work toward linking their respective Emissions Trading Systems (ETS), the governments announced at the EU-UK summit in London on Monday May 19.

The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.

The UK government published a draft primary legislation for its carbon border adjustment mechanism (CBAM) on Thursday April 24, with aluminium, iron and other steel goods all set to come under the policy.

With the race to decarbonize the steel sector gathering pace around the world, Fastmarkets reached out to subject experts in Europe, to discuss the major challenges and opportunities that lie ahead in the new, green steel landscape.

Steel market participants gathered at the Nordics regional meeting of steel distributors’ association Eurometal in Copenhagen, Denmark on Thursday October 5, where key discussion topics were how the EU’s Carbon Border Adjustment Mechanism (CBAM) will operate and the risks importers face once it reaches final implementation

Key talking points from the Nordics regional meeting of steel distributors’ association Eurometal, held in Copenhagen, Denmark, on Thursday October 5

The practical implementation of the European Carbon Border Adjustment Mechanism (CBAM) still remains unclear to most steel market participants, even though the transition period for the scheme's introduction is fast approaching, sources told Fastmarkets this week