25 December 2023 – After months of negotiations, Germany finally appoints national CBAM authority: The Federal Environment Agency and the German Emissions Trading Authority (DEHSt) take on the job. And there was a devastating explosion in a nickel factory in Indonesia. Market expects price push for nickel.
After tough negotiations: Germany names CBAM authority
Berlin – Germany finally names CBAM authority. Shortly before Christmas, we received information directly from the German Federal Ministry of Economics and Climate Protection (BMWK) that the German government had appointed the long-awaited CBAM authority. A breakthrough after months of tough negotiations within several ministries.
Who will take over?
The Federal Environment Agency springs into action! The German Emissions Trading Authority (DEHSt) will become the central point of contact for CO2 emissions reports for imports – from steel to aluminium. German Customs is on hand with IT power.
Kick-off in January 2024!
Just a few more technical tricks to solve, then we’re ready to go. DEHSt is in the starting blocks to fully assume its new role.
Gerber Group gets involved
Months of pressure, talks and negotiations: finally success. The Gerber Group had been in intensive dialogue with the German authorities and the Federal Ministry of Economics and Climate Protection (BMWK) for several months in order to accelerate a breakthrough in the stalled negotiations.
Thorsten Gerber, CEO of the Gerber Group, speaks clearly: “We must not rest on our laurels. CBAM remains a bureaucratic nightmare, especially for small and medium-sized enterprises. The EU must act!” He also criticises the EU Commission: “Despite the obvious shortcomings of the CO2 tax, there are no unbureaucratic solutions in sight – especially for SMEs.”
Major explosion in nickel factory – many dead and dozens injured in Indonesia
At least 13 people have lost their lives in a devastating explosion at a nickel factory, with many more suffering serious injuries.
Among the victims: Nine locals and four Chinese citizens. An international drama!
Cause: A fatal mistake!
The horrific accident happened during repair work. A furnace filled with explosive liquid got out of control, oxygen tanks ignited – a devastating chain reaction!
The emergency services battled the blazing flames for hours. Chinese company management promises: All costs for the treatment of the victims will be covered.
The exact reasons for the explosion are not yet known. The market is already assuming a price push for nickel.
- Scrap: China maintains 40% export tariffs in 2024
- EU Safeguard measure on steel will be extended
- Red Sea route currently too risky: shipping lines take evasive action
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