carbon cost sensitivity

Carbon Cost Sensitivity in Serbian Heavy Industry

Carbon pricing has emerged as a significant factor for Serbian heavy industry, particularly with the impending implementation of the EU Carbon Border Adjustment Mechanism (CBAM) set to transition from reporting to financial enforcement in 2026. This shift is prompting a reevaluation of how carbon costs influence operational margins, capital distribution, and long-term competitiveness. The sectors most affected include steel, cement, and chemicals—industries that are particularly vulnerable to carbon pricing due to their high emissions. Carbon cost sensitivity curves have been…