Recently, in order to fully understand the EU's new green policies such as carbon tariffs and help the company's international operation and development, Sinoma Cement held a special lecture on "EU Carbon Border Adjustment Mechanism (CBAM)". Rong Yakun, general secretary of the Party branch and president of the company, presided over the special lecture and delivered a speech. More than 30 people from the Investment Development Department and Operation Management Department of the company, relevant member enterprises and overseas project teams attended the special lecture. The company's foreign senior consultant, Ke Ruisi (Christopher Paul Harker), gave lectures.
Chris introduced the background of the implementation of the EU Carbon Border Adjustment Mechanism (CBAM) and the EU's medium-term goal of achieving climate neutrality and a net reduction of greenhouse gas emissions by more than 55% by 2050. This paper focuses on the cap of the total carbon emissions of the European Union Emission Trading System (ETS), the way and characteristics of carbon auction trading, and the rules for the use of carbon trading proceeds. This paper puts forward some suggestions on the challenges brought by the EU Carbon Border Adjustment Mechanism (CBAM) to overseas enterprises.
Rong Yakun pointed out that the implementation of the EU Carbon Border Adjustment Mechanism (CBAM) will have a far-reaching impact on global carbon emissions management. This special lecture made a comprehensive interpretation of the EU Carbon Border Adjustment Mechanism (CBAM), and put forward a feasible plan to effectively deal with the risks and challenges brought by the EU Carbon Border Adjustment Mechanism (CBAM). For the next step, Rong Yakun put forward the following requirements:
First, it is necessary to accurately grasp the carbon border adjustment mechanism. The headquarters of the company and its member enterprises, especially those involved in exports to the EU, should organize thematic studies and in-depth discussions to establish the concept of green and low-carbon development. We should pay close attention to the changes after the end of the transition period of the EU Carbon Border Adjustment Mechanism (CBAM), understand and grasp the dynamics of the adjustment mechanism at the first time, make relevant plans, and respond to risks and challenges in a timely and effective manner. The EU carbon border adjustment mechanism (CBAM) should be integrated into daily management as a management element, and the management process should be adjusted and optimized to make low-carbon management an important part of company management. The headquarters of the company shall summarize the overseas ESG work experience, collect and collate relevant data, prepare the company's overall ESG annual report, comprehensively promote the low-carbon green development of enterprises, and enhance the company's adaptability to the EU Carbon Border Adjustment Mechanism (CBAM).
Second, we should comprehensively enhance the competitiveness of enterprises in green and low-carbon development. Members of the company should vigorously promote the use of alternative fuels such as biomass, accelerate the construction of supporting waste heat power generation and distributed photovoltaic power generation systems, accelerate equipment upgrading and production process upgrading, minimize carbon emissions and improve the competitiveness of enterprises in the green market.
In the next step, Sinoma Cement will combine international business expansion, guide member enterprises to actively seize development opportunities, actively respond to the challenges brought by green and low-carbon development in the international market, strive to reduce carbon emissions and enhance the green competitiveness of enterprises, and promote the company's steady and far-reaching development on the road of international operation.
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