The cost of Carbon Dioxide Emission Control Mechanism (CBAM) certificates for the second quarter of 2026 is set at 75.28 euros (85.93 US dollars), which is 0.08 euros lower than the price of the first quarter, according to the European Commission.
This is despite the fact that prices for carbon dioxide emissions in the EU (EUA) have recovered from the minimum level of 2026 in March and have been hovering at around 80 euros since the end of May. Callanish notes that they have not yet returned to the recent high above 90 euros, which was observed in January.
Separately, MEPs from the European Parliament's Environment Committee (ENVI) supported the expansion of CBAM to about 180 steel and aluminum plants from 2028 and the creation of the Temporary Decarbonization Fund (TDF) to protect EU producers in export markets.
They excluded the guarantee proposed by the Commission, which would have made it possible to withdraw goods from the scope of use in the event of price spikes, the so-called "emergency brake". Instead, MEPs added a mechanism for temporarily redirecting CBAM revenue from relevant goods to the affected sectors. MEPs want TDF's financial support to continue from 2027 to 2029, not just from 2028, as the Commission proposed.
All processing operators – firms that use CBAM-covered goods as raw materials for their production - should be eligible to receive support from the fund.
MEPs also ruled out the possibility of using international carbon credits to comply with CBAM requirements.
The Parliament will approve its mandate for negotiations with the EU member states on the final form of the draft law at the September plenary session.
Eurofer welcomed ENVI's vote, highlighting the exclusion of pre-consumption steel scrap as a precursor from the scope of CBAM, stricter "melting and casting" certification, improving traceability of imported steel, and the removal of provisions that could weaken CBAM due to exemptions or international carbon controls. Loans.
"However, further adjustments are needed to extend CBAM to more productive steel production chains, as well as to enhance this efficient and constructive solution for European exports," the report said.
Author: Adam Smith
Kallanish.com
