Cement News tagged under: CBAM
Vietnam's producers struggle for profitability18 August 2023, Published under Cement NewsSoutheast Asia is becoming a difficult market for cement producers to make a profit. Surging production costs, sluggish consumption, and reduced prospects at home and abroad stifled any chance of high margins in the 1H23. Meanwhile, export markets are becoming more restricted. On top of China's reduction of imports, Australia has started to review the possibility of a cross-border adjustment mechanism (CBAM) implementation following Europe's lead to protect against carbon leakage. Domest... |
European Commission adopts rules governing CBAM18 August 2023, Published under Cement NewsThe European Commission (EC) has adopted the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025. The Implementing Regulation published on 17 August 2023 details the transitional reporting obligations for EU importers of CBAM goods, as well as the transitional methodology for calculating embedded emissions released during the production process of CBAM goods.... |
Can CBAM create a level playing field for CO2 emissions?19 May 2023, Published under Cement NewsThis week, Eurostat released the EU cement industry statistics for 2022. There has been little change from 2021 when EU27 imports of cement and clinker totalled around 9.5Mt, but in 2022 imports rose above 10Mt for the first time. It is a rising trend that has continued to evolve since pre-2016, when clinker and cement imports to the EU27 totalled less than 2.5Mt. Meanwhile, cement and clinker exports from the EU27 have slumped from nearly 25Mt in 2016 to around 13Mt in 2022 with the UK and ... |
CEMBUREAU welcomes ETS and CBAM agreements20 December 2022, Published under Cement NewsCEMBUREAU, the European Cement Association, welcomed the trilogue agreements struck by EU negotiators on the EU Emission Trading Scheme (ETS) and the EU Carbon Border Adjustment Mechanism (CBAM). “The agreements on CBAM and ETS are essential to create a global level playing field on CO 2 and support our sector in its transition to carbon neutrality. It is positive that the EU institutions strengthened some key aspects of CBAM”, commented Koen Coppenholle, CEO of CEMBUREAU. “We howev... |
CBAM introduction far from easy16 December 2022, Published under Cement NewsThis week the Carbon Border Adjustment Mechanism (CBAM) moved a step closer to reality when the EU outlined plans to introduce the new border tax on imports of carbon-intensive cement and other industrial products (aluminium, iron, fertilisers, electricity and steel) with high carbon footprints. MEPs reached a provisional agreement with the Council to start the CBAM process. The transition period of 2023-25, before full implementation in 2027, will be closely monitored. Importers will pro... |
Spain’s sees 2% advance in cement demand16 December 2022, Published under Cement NewsCement consumption in Spain has increased 1.8 per cent YoY in November to 1,343,393t, reports Oficemen, the country’s cement association. It is the first increase after six months of contraction. Moreover, cement and clinker exports have advanced 24.7 per cent in November, surpassing the 500,000t mark when compared with November 2021. January-November 2022 In the first 11 months of 2022 cement demand in Spain slipped by 5000t to 13,740,392t when compared with the 11M21 although the dat... |
WCA's CEO responds to WWF EU ETS free allocation analysis05 December 2022, Published under Cement NewsIan Riley, CEO of the World Cement Association, has responded to recent analysis from the World Wildlife Fund on the EU ETS emissions over the examined period (2013-21), when more than half of the emissions (53 per cent) were handed out to polluters for free through the so-called ‘free allocation’ scheme. These free permits to pollute were worth EUR98.5, more than all the revenue that EU countries earned through selling regular allowances, stated the WWF. The WWF argues that while th... |
No back tracking on Europe's Green Deal14 October 2022, Published under Cement NewsThe introduction of the Carbon Border Adjustment Mechanism (CBAM), energy price rises and implementation of carbon capture, utilisation and storage (CCUS) across Europe have heightened fears that the Green Deal may become harder to see out for EU countries. Discussions may well move some of the pricing for taxes and levies, but the European Commission is clear that there will be no backtracking on its environmental commitments to reduce greenhouse gas emissions by at least 55 per cent by 203... |
Recession looms for European construction sector07 October 2022, Published under Cement NewsFaced with rising energy costs, inflation and sluggish demand the European construction sector is braced for a negative landing in 2023, according to CIC-Market Solutions. With the autumn expected to see a modest decline in construction investments, Europe could well dip into a slight recession next year. CIC-Market Solutions has forecast a decline in construction investment of -1.1 per cent in 2023 following a post-pandemic high of 5.9 per cent growth. The French analysts suggest that Fr... |
ETS review and CBAM indecision weigh heavily on Golden Bay Cement05 August 2022, Published under Cement NewsAs governments set out plans for decarbonisation, New Zealand could follow the stern example set by Sweden that included witholding a quarry permit from a well established cement producer. New Zealand is similarly poised to take an aggressive stance to slashing carbon emissions to reach net zero by 2050. The cement industry could be put on its back foot as pressure mounts for it to decarbonise quicker, or look towards cement imports or cement alternatives. New Zealand's Climate Change draft... |