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.

08 FEBRUARY 2020 AL CIRCLE

GAC receives PFI’s “Multilateral Deal of the Year” award for its ground-breaking project financing

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Guinea Alumina Corporation has been honoured with the Project Finance International’s prestigious global “Multilateral Deal of the Year” award for its ground-breaking project financing. The news came after EGA officially announced the receipt of the award by both EGA and GAC’s Management at PFI’s annual awards ceremony in London.

GAC receives PFI’s “Multilateral Deal of the Year” award

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GAC in May 2019 closed a US$750 million financing deal to fund the country’s one of the biggest-ever Greenfield mining projects. The loan was for 12 to 14 years tenor funded by International Finance Corporation, The African Development Bank, Export Development Canada, PIDG Ltd’s company The Emerging Africa Infrastructure Fund, Societe Generale, ING Bank, Natixis, First Abu Dhabi Bank, Emirates NBD and Mashreq Bank.

So, this was the first loan in which multilateral institutions and international commercial banks participated together. GAC could secure this financing deal after putting a persistent effort in the company’s technical, commercial, environmental, and social commitments and performance.

GAC has now completed the development of bauxite mine and associated export facilities in Guinea. In August 2019, it began exporting as well, and by January 2020 reached one million tonnes of export volume.

On receiving the prestigious award, EGA’s Chief Executive Officer Abdulnasser Bin Kalban said: “More than 800 of the world’s most senior project finance professionals honoured GAC at this year’s PFI Awards because this project financing was a landmark in the African mining industry. Securing this project financing was possible because of the technical and commercial robustness of the GAC project, as well as GAC’s focus on social and environmental responsibility.”

EGA developed the GAC project primarily for expanding its operations into upstream aluminium, so that the UAE aluminium industry is able to secure raw material at competitive prices.

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