Analytical study “European Greenhouse Gas Emissions Trading System (ETS) and the Border Carbon Adjustment Mechanism (CBAM). The state of harmonization of national legislation in the sphere of economy decarbonization and possible consequences for Ukrainian business. Special emphasis for national producers of nitrogen fertilizers, metallurgy and carbon black.
The purpose of this analytical study is to review the current European Union Emissions Trading System (EU ETS) and the future Border Carbon Adjustment Mechanism (EU CBAM), determine the degree of harmonization of relevant Ukrainian legislation in this sphere and provide forecasts of financial impact on Ukrainian exporters of certain products in the EU due to the entry into force of EU CBAM.
The main purpose of this study is to provide a quick understanding of the general mechanism of the EU ETS and EU CBAM, their structural elements and their relationships, thus specific technical features and administrative procedures of these systems are not discussed in detail, they will be the subject of separate research.
The findings of this study are based on available information and logical reasoning of the developer.