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 SEPTEMBER 2020 AL CIRCLE

Iceland’s import of Aluminium cans reveals constant growth during 2017-20; expenditures exhibits to drop

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The economy of Iceland is small and subject to high volatility. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. Iceland has a mixed economy with high levels of free trade and government intervention. Tourism, aluminium smelting, and fishing are the pillars of the economy. For decades the Icelandic economy depended heavily on fisheries, but tourism has now surpassed fishing and aluminium as Iceland's main export industry.

Iceland's aluminium cans import

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Iceland’s import of aluminium cans during 2017-19 has showcased constant growth, as the export volume recorded during the phase was 3003 tonnes with the expenditures occurred remained at $18.65 million. The projected import for 2020 has been marked at 1553 tonnes and expenditures to stand at $7 million. However, when the 2020 import volume and expenditure gets summed with the previous three years it reflects 4556 tonnes and $25.65 million respectively.

In 2017, the importation of aluminium cans for Iceland has been recorded at 459 tonnes and expenditures stood at $3.42 million, whereas in 2018 the aluminium cans import grew by 125.27%, as the import volume surged to 1034 tonnes and expenditures also stood high at $7.78 million.

Iceland's importation of Aluminium cans

The Nordic island nation’s importation of aluminium cans in 2019 was also recorded with growth by 46.03%, as the import volume stood at 1510 tonnes, while expenditures reduced to $7.45 million.

Aluminium cans import for 2020 has been estimated with a marginal growth of 2.76%, as the import volume to extend at 1553 tonnes and expenditures again to further drop and remain at $7 million.

Iceland’s major trading nations for the importation of aluminium cans are Denmark, Germany, Poland, Netherlands, UK, Sweden, etc.

AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For registration, visit www.alcircleevents.com

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