Business · Trade · 2 hrs ago

EU carbon rules raise concerns for Spain’s independent cement mills

EU carbon rules raise concerns for Spain’s independent cement mills

Spain’s independent cement mills say two EU climate rules put them at a disadvantage compared with larger cement producers.

The rules are the EU Emissions Trading System and the Carbon Border Adjustment Mechanism, which charges for carbon emissions linked to certain imports.

The new border charge applies to imported clinker, the key ingredient in cement that produces most of the sector’s carbon emissions.

Independent mills import clinker, while larger integrated plants make it themselves and have received free emissions permits since 2005.

Those permits can be saved or sold, but the import charge must be paid from the start.

The mills say the rules do not give both types of producer an equal starting point, despite a planned gradual balance between them by 2034.

The first CBAM payment is due in September 2027 and will apply retroactively.

Independent producers warn the rules could strengthen the market power of larger rivals, after independent mills helped open Spain’s market and lower prices.

1 source

Related

What people are saying

Jordi Pujol Torrentgeneral manager of Prefabricats Pujol
Ahora el miedo es que vuelva el oligopolio
via El Mundo
Rosa Martínez Solísdirector of ASEINCE
Cuando combinas las dos normas, la simetría teórica desaparece
via El Mundo
El diseño regulatorio partía de una premisa, que todos salíamos de la misma casilla. Y no es cierto
via El Mundo