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.

16 MAY 2021 AL CIRCLE

Sanjeev Gupta’s GFG Alliance targeted by UK anti-fraud agency

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

The non-ministerial government department of the United Kingdom, Serious Fraud Office (SFO), which investigates and prosecutes serious or complex fraud and corruption in England, Wales and Northern Ireland, stated on 14^th May 2021, that it has initiated an investigation suspected of fraudulent trading and money laundering linked to companies within the GFG Alliance, led by metal tycoon Sanjeev Gupta.

GFG Alliance targeted by UK anti-fraud agency

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The investigation mounts pressure on Sanjeev Gupta, the CEO and Chairman of GFG Alliance, who has been struggling to refinance his international business network of aluminium, steel, and energy following the collapse of lending firm Greensill Capital in March 2021.

The SFO said: “The investigation covers the company's financial arrangements with Greensill Capital UK Ltd.”

"The SFO is investigating suspected fraud, fraudulent trading and money laundering concerning the financing and conduct of the business of companies within the Gupta Family Group Alliance (GFG), including its financing arrangements with Greensill Capital UK Ltd,"

"As this is a live investigation, the SFO can provide no further comment," it added.

Over the past few weeks, the GFG Alliance led business was the subject of speculation, as it feared thousands of jobs in Europe majorly in the aluminium and steel sector, following the downfall of Greensill Capital.

The lending firm, Greensill itself is countering separate investigations, comprising the Parliament's Treasury Select Committee which called in former British Prime Minister David Cameron on 13^th May 2021 to give evidence related to his role as a part-time adviser to the collapsed financial institution.

The London-based lender, Greensill financed GFG with billions of dollars, many of which were packaged and sold as funds.

However, GFG Alliance said it would cooperate fully with the investigation, while its refinancing plans will remain in progress.

A GFG Alliance spokesperson said: "GFG Alliance notes the UK Serious Fraud Office's (SFO) announcement that it has opened an investigation into GFG Alliance. GFG Alliance will cooperate fully with the investigation,"

"As these matters are the subject of an SFO investigation we cannot make any further comment. GFG Alliance continues to serve its customers around the world and is making progress in the refinancing of its operations which are benefitting from the operational improvements it has made and the very strong steel, aluminium and iron ore markets," the spokesperson said.

Aluminium prices edge higher on LME, cash offer reach $3652/t; stocks continue to fall