The London Metal Exchange (LME) is set to require aluminium producers to submit verified carbon emission data by 2025. This initiative, aligned with the EU’s Carbon Border Adjustment Mechanism (CBAM), aims to mitigate carbon leakage and ensure that imported goods incur comparable carbon costs to those paid by EU domestic producers. This requirement will leverage the LME’s digital credentials register, LMEpassport, facilitating efficient information flow and reducing administrative burdens. The LME has issued consultation and discussion papers to gather industry feedback, with the aim of supporting sustainable practices and preparing for upcoming regulatory changes. The consultation period is open until June 14, 2024, with a response paper expected in the second half of the year.
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