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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMISSIONS
The positive effect of the European Carbon Border Adjustment Mechanism is likely to be a lot more limited for the environment, while it could deter the competitiveness of European industries according to analysis by the think tank Sandbag.
- China and other countries may sell good to Europe made with renewables energies. While selling dirtier products elsewhere – which would allow manufacturers to dodge potential fees and benefit from any price increases connected to the stricter CBAM standards.
- In addition, CBAM might also deter the competitiveness of the EU industry as firms in the bloc will have to pay for more of its emissions in coming years.
- “CBAM might hurt industrial manufacturers based in Europe more than those based in third countries,” the report said, citing more expensive raw materials.
- “Most imported finished goods are not covered by the CBAM at this stage,” the study said.
- Overall, the volume of goods affected by CBAM will be small. For China, the law would apply to about €13.4bn of its almost €500bn in exports to the EU.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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