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.

02 JULY 2020 AL CIRCLE

COVID-19 effect: Iceland's GDP anticipated to decline by 8% in 2020, drop-in aluminium prices is a major cause

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Financial Stability Committee of the Central Bank of Iceland anticipates that GDP to decline by 8% in 2020 as per its recent quarterly report. It notifies that while Iceland’s three commercial banks are in a strong capital and liquidity position, however, there is the risk that the Central Bank’s easing of policy instruments could lead to an increase in asset prices and an increase in the likelihood of systemic risk within the economy.

{alcircleadd}

Following this obligation, the FSC has published its newest quarterly report, which forecasts that GDP will contract by 8% this year. The report notes that despite the effects of the COVID-19 pandemic, Iceland’s financial system is “on sound footing,” with private sector balance sheets have grown stronger in recent years, reinforced by deleveraging and higher equity ratios.

In spite of positive measures taken by the Central Bank, however, the report also states that the pandemic has accelerated the contraction of the tourism industry and the reduced access to corporate loans from financial institutions, a trend that began last year.

Iceland economy to shrink by 8%

The report further outlines some negative side effects that can be traced to the pandemic. The precariousness about Iceland’s foreign currency revenues; a drop in aluminium prices is considered among the major reasons for GDP shrink.

Over the past weeks and months, the Government and the Central Bank have responded to the crisis with the adoption of wide-ranging measures, including expanding access to credit and the lowering of financing costs.

These measures could help to rejuvenate the economy do not come without some risk, however: “The low-interest environment resulting from pandemic response measures exacerbates the risk of a debt bubble, either in specific sectors or in the broader economy, at a time when the financial stability policy stance is more accommodative than before. This could undermine financial stability in the coming term. It is therefore essential to take appropriate action if increased risk appetite leads to excessive credit growth when the impact of the pandemic tapers off and the economy starts to recover.”

Tagged with:

Aluminium