How is the Carbon Border Tax Calculated?
The carbon border tax is then applied to the imported product based on its carbon intensity and the applicable carbon price. For instance, if steel is imported from a country that does not have a carbon tax, the importing country (e.g., the EU) may levy a tariff equivalent to the emissions produced during the manufacturing of the steel.
The Benefits Green Hydrogen in the Steel Industries
The steel industry is one of the most energy-intensive sectors globally, producing a material essential to infrastructure, transportation, and manufacturing. However, it also accounts for a significant share of global carbon emissions due to the heavy reliance on coal in traditional steel production processes. As the world faces the urgent challenge of combating climate change, industries like steel are looking for ways to reduce their environmental impact. One promising solution is using green hydrogen a clean, renewable alternative to the fossil fuels traditionally used in steel making.
