Engineering Proceedings (Mar 2024)

The Impact of Implementing Carbon Border Adjustment Mechanisms on the Steel Industry until 2034: A Forecasting Study

  • Slavomír Hubatka,
  • Branislav Buľko,
  • Dana Baricová,
  • Lukáš Fogaraš,
  • Andrii Pylypenko,
  • Dominik Dubec,
  • Jaroslav Demeter,
  • Peter Demeter

DOI
https://doi.org/10.3390/engproc2024064015
Journal volume & issue
Vol. 64, no. 1
p. 15

Abstract

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The metallurgical sector, a key component of European industries, plays a crucial role both in advanced economies and in the infrastructure development of emerging nations. As environmental concerns increasingly influence global trade policies, the introduction of Carbon Border Adjustment Mechanisms (CBAMs) becomes a pivotal factor, especially those affecting the steel industry. This study focuses on assessing the impact of CBAM implementation on the steel industry’s evolution until 2034, utilizing a combination of econometric models and scenario analysis.

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