Webinar

Decoding CBAM: Navigating the Impact Across the Steel Value Chain

Available On-demand
English
45 Min

The EU's carbon border adjustment mechanism (CBAM) signifies a shift for steel importers and extends its impact across the entire value chain in the industry. From 1 October 2023, CBAM will require operators to address the challenges of carbon leakage outside of the EU while promoting sustainable development.

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CBAM impacts not only importers but also every aspect of the steel value chain. Whether you're involved in production, distribution or manufacturing, understanding the impact of CBAM is key to business planning.

CBAM is the European Union's proactive measure to combat carbon leakage and prevent emissions from increasing outside of the EU. By applying CBAM to a range of products, including iron and steel, the EU aims to align the prices of goods sold in the EU with their actual carbon content. This will not only ensure fair competition in the EU internal market, but will also incentivize third countries, foreign manufacturers and importers in the EU to reduce their carbon emissions.

Scope: The impact of CBAM covers a wide range of products, including certain iron and steel products. It is important for stakeholders in the steel value chain to understand the list of CBAM goods.

Transition period: The webinar will provide critical insights into navigating the transition period initiated by CBAM, ensuring that every actor in the steel value chain can adapt effortlessly.

Cooperation: Recognizing that CBAM obligations apply to all importers of CBAM goods, the entire value chain is encouraged to work together to reduce emissions, both within and outside the EU internal market.

Speaker

Kimmo Järvinen

Head of EU governmental affairs
Kimmo holds a PhD in process engineering and an MBA, and is Head of European Governmental Affairs at SSAB. He has been more than 20 years in the industry, including roles in R&D, sales, and production with Finnish multinational companies. With work experience e.g. in the USA, Japan, the Netherlands and Belgium, he's an international professional.