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 JANUARY 2019 AL CIRCLE

US Senate moves against sanctions removal plan from Aughinish Alumina in Limerick

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

A vote will be reportedly held today, on January 16, on a move to block the lifting of sanctions affecting Aughinish Alumina in Limerick. Per the report, 11 Republican senators went against their own party and joined hands with Democrats to allow the vote to proceed.

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In December, the US Treasury had announced its intention to remove the sanctions against Rusal, the Russian parent company of Aughinish Alumina, but on a condition that Russian billionaire Oleg Deripaska had to relinquish control of the company. So, as part of the deal, the three Deripaska companies - Rusal, En+ and power firm EuroSibEnergo agreed to restructure to reduce Deripaska’s stakes.

Following the board restructuring agreement, Rusal’s board chairman Mattias Warnig also resigned from his post, as per the report from Reuters. Two days after Mr. Jean-Pierre was appointed as the chairman of the Company with effect from January 1, 2019.

The Irish government had been lobbying the US officials to highlight the impact on Aughinish Alumina as there were fears over the future of the plant due to the sanctions. Aughinish Alumina employs 460 staff, 200 contractors and indirectly supports hundreds of additional jobs.

Earlier this month, a number of European Ambassadors including Ireland’s representative in Washington Dan Mulhall sent a letter to Congress urging members to support the lifting of sanctions.

But in the recent time, Democrats voiced their opposition to the move, accusing the Trump administration of being soft on Russia.

The US Senate Minority Leader Chuck Schumer said, “This is a sham. It’s a sham to do a favour not only to Deripaska but to Putin."

The second-ranking Democrat in the House of Representatives Steny Hoyer even called on the Treasury Secretary Steven Mnuchin earlier to delay lifting the sanctions until 28 February so that Congress gets more time to review the plan.

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