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.

21 APRIL 2022 AL CIRCLE

Iceland’s import of aluminium bar rods and profiles during 2019-21 illustrates a sharp downfall followed by marginal growth; 5% rise predicted for 2022

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The economy of Iceland rose at a steady pace but onwards 2017 decelerated its speed through 2019, crashed in 2020, and again recovered in 2021, which resulted in a five-year average annual growth rate of 2.20%. The Nordic island country has maintained strong levels of economic freedom for the past half-decade.

Iceland’s import of aluminium bar rods and profiles

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According to OECD, the economy of Iceland is projected to grow by 5.2% in 2022 and 4% in 2023, navigated by rebounding foreign tourism and resilient exportation of goods. However, it has been notified that business investment will slow down as financial conditions are tightening and restrained projects are being terminated.

A nation with impressive poverty rates, Iceland imported 6355 tonnes of aluminium bar rods and profiles during 2019-21. Machine and equipment parts are frequently made with aluminium bars, while aluminium profiles are used in architecture and engineering for structural components, frames, and other key parts.

Iceland's import of aluminium bar rods and profiles

In 2019, Iceland imports 4339 tonnes of aluminium bar rods and profiles, incurring an outflow of revenue of $11.64 million, whereas, in 2020, the import of the aluminium product has illustrated a sharp downfall of 79.49%, as the import volume plunged to 891 tonnes and the expenditure also dipped to $4.38 million.

Iceland’s import of aluminium bar rods and profiles in 2021 was registered at 1125 tonnes, a rebound of 26.26%, following the barriers of the Covid pandemic.

Iceland’s import of aluminium bar rods and profiles in 2021 was registered at 1125 tonnes, a rebound of 26.26%, following the barriers of the Covid pandemic. The import for 2022 is analysed with further growth of 5.06%, as the import volume of aluminium bar rods and profiles is anticipated to score at 1182 tonnes.