Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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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.

18 AUGUST 2020 AL CIRCLE

CAP to pay off a large portion of debt in lay up to Jamalco alumina refinery’s listing on the Jamaica stock exchange

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

According to a recent report, Co-owner of Jamalco alumina refinery, Clarendon Alumina Production Limited (CAP), will pay off a large portion of its debt. This will improve its overall equity position in the lay up to the refinery’s planned listing on the stock exchange.

The company will secure the funds for paying off the debt from the Government of Jamaica, GOJ. Through CAP, the Government is a partner with Noble Group in the refinery.

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CAP to pay off a large portion of debt in lay up to Jamalco’s listing on the Jamaica stock exchange

“CAP, through a loan from the GOJ, will repay debt obligations due to the Noble Group, in the amount of approximately US$136.7 million,” said Minister of Finance and Planning Dr Nigel Clarke in a statement to Parliament this week. “The transactions improve CAP’s equity value,” he said.

CAP holds 45 per cent of Jamalco, while the Hong Kong-based Noble Group holds 55 per cent via subsidiary General Alumina Jamaica. Both of them, with Noble as operating partners, fund the capital-intensive operations for bauxite mining and refining alumina.

The Financial Gleaner was informed on Thursday, August 13, about the Government’s preparations for the budget for repayment purposes of the debt. However, the listing of Jamalco is not going to happen this year, said some sources.

The refinancing announced by Clarke is projected to reduce Jamaica’s debt stock by 1 per cent.

Clarke said, “It is anticipated that after the incorporation and listing of Jamalco on the Jamaica Stock Exchange, the Jamalco entity will build the technical capacity to market its own alumina. It is intended that by the time the three-year marketing agreement ends, the technology transfer will have occurred for Jamalco – in which the GOJ, Noble, and, by that time, others are invested – to profitably market its alumina.”

Earlier this year, Noble Group had signed an agreement with the Jamaican Government to reorganise the assets and operations of Jamalco alumina refinery into a holding company as a precursor to the eventual listing of the refinery.

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