Fabien Charbonnel, Director at the World Cement Association (WCA) and Directeur Général of Cem’In’Eu, has expressed support for proposals to align the UK and EU carbon markets, emphasizing the benefits of a unified system in promoting fairer cross-border competition and reducing the risk of carbon leakage.
In his statement, Charbonnel noted: “For UK-based cement producers, alignment could remove disadvantages when exporting to the EU if UK carbon prices exceed those in Europe. However, it is worth noting that EU producers exporting to the UK would similarly benefit from greater price parity. While the current impact on cross-border trade volumes in cement may be limited, ensuring a level playing field as climate policies evolve is an important step for industrial sectors navigating the low-carbon transition.”
Charbonnel, referring to the insights shared during the WCA’s recent webinar on the implications of CBAM and the EU ETS, stated: “As new carbon pricing regimes emerge globally and EU prices continue to rise, market coherence and predictability will be crucial to supporting investment in decarbonisation.”
