Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

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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.

23 JULY 2021 AL CIRCLE

Iraq’s import of aluminium foil during 2018-20 illustrates prompt growth with a gradual downfall; 18% upswing forecast for 2020

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The Iraqi analysts who support their country stated that Poverty, unemployment, and a lack of local industry continue to plague Iraq's economy, and the resulting public unrest could be dangerous. Oil price volatility and COVID-19 have increased Iraq’s economic distress and deepened existing economic and social fragilities. However, with global oil markets trends turning positive, the outlook for Iraq is set to improve.

Iraq’s import of aluminium foil

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The political situation in Iraq remains extremely unstable, even though the war was officially declared as over in December 2017. The Western Asian nation, Iraq has imported 21,534 tonnes of aluminium foil during 2018-20 and the foreign revenue expended for the import accounted for $51.63 million.

Iraq’s import of aluminium foil

In 2018, the Iraqi import of aluminium foil was recorded 2282 tonnes only and the expenditure counted to $10.22 million, whereas, in 2019, the import illustrated a prompt growth by 391.36%, as the import volume soared to 11,213 tonnes and the expenditure also climbed to $24.86 million.

Iraq’s import of aluminium foil in 2020 registered a downfall of 28.22%, as the import volume shrunk to 8048 tonnes and the expenditure also dropped to $16.55 million. The Covid-19 pandemic was one of the major considered reasons for this downfall, as domestic demand plunged as well the supply chain was also highly impacted.

The import for 2021 is analysed with an 18% growth, as the import volume is estimated to rise at 9498 tonnes and the expenditure is also predicted to surge at $21.85 million due to the hefty price rise of aluminium globally.