- 0086(21)62671680
- 62671061
- sales@hyssgroup.com
- Language
Boston Consulting Group (BCG), an American management consulting firm, has said that an EU carbon tax will be introduced in 2026 along with the Carbon Frontier Adjustment Mechanism (CBAM).
From 2030, European steel importers will incur additional costs of around €2 billion per year. At that time, the price of carbon in the EU was expected to exceed €100 per tonne. Costs will depend on the carbon efficiency of each producer.
BCG has analyzed that by 2032 the cost of steel imported into the EU from the US and UK will increase by 6%. In addition, the value of imports from Turkey, South Korea, China and India will increase by 10%, 12%, 17% and 32% respectively.
As CBAM covers more and more commodities, inflationary pressures will increase.
