Carbon Tariff on EU Steel Imports by Country of Origin in 2034
Carbon Tariff on EU Steel Imports by Country of Origin in 2034
According tohashtag#BloombergNEFforefast, in 2034: ?hashtag#Indiawill pay around 87% more for carbon tariff over the delivered cost ofhashtag#steelto the EU ?hashtag#Brazilwill pay around 59% more for carbon tariff over the delivered cost of steel to the EU ?hashtag#Japanwill pay around 49% more for carbon tariff over the delivered cost of steel to the EU ?hashtag#Chinawill pay around 49% more for carbon tariff over the delivered cost of steel to the EU ?hashtag#UKwill pay around 45% more for carbon tariff over the delivered cost of steel to the EU ?hashtag#SouthKoreawill pay around 43% more for carbon tariff over the delivered cost of steel to the EU ?hashtag#USwill pay around 22% more for carbon tariff over the delivered cost of steel to the EU Note: Emissions and production costs estimated for basic oxygen furnace crude steel for 2022 and 2030 respectively. Does not deduct carbon costs paid in countries of origin. EU applies zero transport costs to German production cost estimates. Mainland China referred to as China. Source: BloombergNEF