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.

12 JUNE 2020 AL CIRCLE

Govt. of Jamaica: $544 million to be drawn out from CDF for bauxite budgetary support

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Government of Jamaica is to draw out just over half a billion dollars from the Capital Development Fund (CDF) to deliver budgetary aid to the Jamaica Bauxite Institute (JBI) and the bauxite community development programme this fiscal year.

An order, under the Bauxite (Production) Levy Act, giving effect to the withdrawal was tabled in the House of Representatives on 10^th June’20.

{alcircleadd}

Jamaica Govt. to withdraw half billion fund for bauxite community

Preliminary to the sitting of the House, the Economy and Production Committee started discussions on a resolution brought by Manchester Southern Member of Parliament (MP) Michael Stewart, calling on the Government to place a cap on the amount of funds that can be transferred from the CDF to the Government's central coffers for budgetary support.

Stewart is also professing for the fixing of the levy on bauxite operations, and extensive rehabilitation of bauxite lands.

As per the order, $244.22 million would be allocated to the JBI, while $300 million will be disbursed for the implementation of special projects in the bauxite communities under the seventh phase of the bauxite community development programme.

MPs in bauxite mining communities across three districts, at the committee sitting on Wednesday, groaned that communities are being mined out and left without resources, with farmers and their dependents being displaced and relocated to other areas without adequate provisions for them to continue their livelihoods.

The MPs also grumbled that bauxite mining operations have damaged infrastructure and those companies should be forced to meet minimum community and infrastructure restoration standards in mining areas.

The CDF was created under the bauxite production and levy law in 1974, with the imposition of a bauxite mining tax. In 2017, the International Monetary Fund (IMF), in a review of its first standby arrangement for Jamaica, said: “The Government's decision to abandon the bauxite levy in favour of profit-sharing arrangements was regressive.”

The IMF said the move to provide discretionary waivers by further widening leftover exemptions on the bauxite levy had created a revenue loss of more than 0.1% of GDP annually, leaving the sector “under-taxed, and potentially undermining the hardened gains from the elimination of a range of tax incentives in 2014”.

Tagged with: