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Taiwan Climate Change Agency: EU Must Adjust Free Allocations in CBAM or It Will Create Trade Barrier
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2023-09-14
CBAM will be launched on a trial basis in October. Initially, no fee will be charged, but importers will be required to submit carbon emission data. The Deputy Director of Preparatory Office of Climate Change Agency (Taiwan) said that CBAM is mostly based on a free allocation system which will be turned into an auction-based system starting in 2034. The price is about 100 euros per ton which is high, but because of the adoption of free allocation for most of the emitted carbon, only a small fraction of about 2 to 3% of the carbon emissions need to pay a carbon fee, which is different from Taiwan which charges a fee on every ton of carbon. Therefore, when CBAM is officially on the road in 2026, the European Union must adjust the free allocation method and integrate with the calculation method of every country, otherwise it will form a different trade barrier.
According to the statistics of the Ministry of Economic Affairs (MOEA) of Taiwan, 248 product categories will be impacted by CBAM, and Taiwan is involved in 212 of them, mostly steel products. In 2022, Taiwan's basic metals and products accounted for 7.69% of its overall export volume, 15% of which are exported to the EU and the exported products were mainly steel, metal fasteners, and aluminum.
According to the statistics of the Ministry of Economic Affairs (MOEA) of Taiwan, 248 product categories will be impacted by CBAM, and Taiwan is involved in 212 of them, mostly steel products. In 2022, Taiwan's basic metals and products accounted for 7.69% of its overall export volume, 15% of which are exported to the EU and the exported products were mainly steel, metal fasteners, and aluminum.
氣候變遷署
CBAM
歐盟碳稅
台灣扣件
金屬製品
鋼鐵
Taiwan Climate Change Agency
EU carbon tax
Taiwanese fastener
metal products
steel
GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2023-09-23
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