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.

14 JANUARY 2021 AL CIRCLE

New electricity agreement between Rio Tinto & Meridian Energy allows Tiwai Point aluminium smelter to operate till 2024

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

On Wednesday, January 13, Rio Tinto announced that it entered a new agreement with Meridian Energy for electricity supply that would allow New Zealand’s Aluminium Smelter (NZAS) to continue operating at the Tiwai Point aluminium smelter. The agreement is valid till December 31, 2024, meaning a longer certainty to Tiwai employees, local community, and customers and more time for stakeholders to plan the future.

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The new agreement with Meridian Energy in relation to power prices is signed just when the New Zealand government was progressing to address the smelter’s high transmission costs. This agreement is expected to make the smelter economically viable and competitive over the next four years. Also, it would provide time for detailed closure studies, allowing stakeholders to undergo extensive consultation with the Southland community.

In July 2020, Rio Tinto announced its decision to wind down operations by August 2021 after a strategic review. The reason was high energy and transmission costs.

Commenting on the new agreement, Rio Tinto Aluminium chief executive Alf Barrios said: “We are pleased to have reached an agreement with Meridian Energy that will enable the Tiwai Point smelter to continue producing some of the lowest carbon aluminium in the world. This agreement improves Tiwai Point’s competitive position and secures the extension of operation to December 2024. It also provides Rio Tinto, the New Zealand government, Meridian, and the Southland community more time to plan for the future and importantly gives our hard-working team at Tiwai and our customers the certainty they deserve.”

New Zealand’s Aluminium Smelter, a joint venture between Rio Tinto (79.36%) and Sumitomo Chemical Co., Ltd. (20.64%), creates around 1000 direct employees and 1600 indirect jobs in Southland.

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