The European Commission is working on setting standard carbon quota prices for countries, sectors and goods. This was announced by David Cruz, cbam specialist at the Norwegian company CEMAsys, following a CBAM conference organized by Esade and Fundación Repsol.
The specialist noted that this is a difficult task for more than 700+ CN codes (Combined Nomenclature).
He outlined two main objectives of such a step.: 1. Estimate a fair "base price of carbon quotas" when real data is not available, especially for products from countries where there are no carbon markets.
"However, this requires assigning different values to different products, sectors, and jurisdictions", - Cruz said. 2. To propose a consistent methodology that takes into account global trade and promotes transparency.
The CBAM specialist noted that this approach raises difficult questions.: What is a "fair carbon price" in such a fragmented landscape?
How to avoid trade tensions? According to him, the European Commission understands that this is a difficult challenge.
"We are entering a phase where CBAM is more than just emissions monitoring. It becomes the basis that will determine how carbon costs affect trade and financial decisions on a global scale", - the specialist emphasized.
