Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

23 APRIL 2020 AL CIRCLE

Alcoa’s adjusted net loss improves in Q1 2020 with revenue declines marginally to $2.4 billion

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Alcoa Corporation, a global leader in bauxite, alumina, and aluminium products, has released its first quarter results of 2020, ending March 31. According to the report, Alcoa’s adjusted net loss improved from $57 million or $0.31 per share in the previous quarter to $42 million or $0.23 per share in Q1 2020. Net income attributable to Alcoa Corporation came in at $80 million or $0.43 per share in Q1 2020, compared with a net loss of $303 million or $1.63 per share in Q4 2019. Adjusted EBITDA excluding special items came in at $321 million in Q1 2020, down 7 per cent from $346 million in Q4 2019.

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The revenue of the company in the first quarter of 2020 stood at $2.4 billion, down 2 per cent from the previous quarter, attributing to lower global alumina and aluminium prices.

Alcoa ended the quarter with $829 million cash on hand. $90 million cash was used for operations, $44 million for financing activities, and $107 million for investing activities, according to the company’s results.

Alcoa President and Chief Executive Officer Roy Harvey said, “While we reported a solid first quarter with a strong cash balance, the world has fundamentally shifted due to the COVID-19 global pandemic, and we are taking decisive actions to address this crisis."

He added, “Most importantly, we are focusing on the care and safety of our workforce, our operations, and our communities. We have implemented numerous steps for business continuity and are acting quickly to protect financial stability.”

To effectively manage cash during the economic downcycle caused by the pandemic, Alcoa is reducing $100 million of non-critical capital expenditures, deferring $220 million in pension contributions in the United States under provisions of the Coronavirus Aid, Relief and Economic Security (CARES) Act, and restricting new hiring, travel, and miscellaneous expenditure to save around $35 million.

Besides, the company has fully deployed its new operating model announced in September 2019, which is expected to reduce the annual overhead expense by $60 million. Alcoa is also continuing to review its asset portfolio to drive lower costs and sustainable profitability.

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