energy-intensive industry

CBAM Impacts on Serbian Energy-Intensive Industries

Serbia's evolving role as a near-shore outsourcing destination for European supply chains is increasingly influenced by carbon regulations. The European Union's Carbon Border Adjustment Mechanism (CBAM) is set to significantly affect the trade competitiveness of Serbian energy-intensive sectors, including steel, cement, aluminum processing, fertilizers, electricity exports, and certain chemicals. This regulatory framework introduces a financial variable that is expected to impact profit margins, capital distribution, and access to markets. The transitional reporting phase for CBAM commenced in 2023, with full…