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.

15 JULY 2019 AL CIRCLE

White House to send USMCA agreement to Congress for approval after Sept 1; likely to be voted by the end of 2019

EDITED BY : BEETHIKA BISWAS 2MINS READ

According to a CNBC report, the White House plans to send the draft of United States Mexico Canada (USMCA) agreement to Congress after September 1 and it is likely to be voted by the end of the year. The White House could submit the bill to Congress as soon as this week to start the approval process. House Democrats are working towards correcting the issues with the existing agreement.

USMCA

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Trump’s acting chief of staff Mick Mulvaney and Vice President Mike Pence’s chief of staff Marc Short are in favour of setting up a deadline for House Democrats to ratify the deal. However, U.S. Trade Representative Robert Lighthizer suggests giving more time to consider it.

The White House and USTR agree the Trump administration could benefit from another month to sell the deal to members of Congress unsure about supporting it.

On May 30, Lighthizer sent a “Statement of Administrative Action” to legislative leaders. Lighthizer’s letter – despite indicating that he intended to work to make the deal agreeable to Democrats – was not received warmly.

“The Trump Administration’s decision … is not a positive step,” House Speaker Nancy Pelosi responded. “It indicates a lack of knowledge on the part of the Administration on the policy and process to pass a trade agreement.”

If an official bill implementing the USMCA is sent to the congress, lawmakers would have 90 working days after receiving it to hold a vote. White House officials, including Mulvaney, Treasury Secretary Steven Mnuchin, National Economic Council director Larry Kudlow and White House economist Kevin Hassett, have dared Pelosi to put the bill on the floor suggesting it has enough bipartisan support.

“The White House and USTR are working in good faith and constructively with Members of Congress to address concerns some have voiced about the USMCA,” an administration official told CNBC. “We urge Congress to approve USMCA as soon as possible to unlock its benefits for America’s workers, farmers, ranchers, and businesses.”