Foreign Media: Chinese steel enterprises are collaborating to address the challenges posed by the EU's Carbon Border Adjustment Mechanism (CBAM).
The mechanism was launched in 2023 and will be fully implemented by 2026, requiring importers to pay the carbon price difference between their country of origin and the EU, with plans to extend coverage from raw materials to downstream products such as machinery and vehicles.
As the world's largest steel producer, China faces dual pressures from rising carbon tariff costs and increasingly stringent requirements for carbon footprint disclosure. Industry experts anticipate that carbon costs will be progressively passed along the supply chain, increasing compliance costs for Chinese exporters.
Original Source: toutiao.com/article/1862555268774916/
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