In the latest episode of The Carbon Circle, we dive into the complexities of the Carbon Border Adjustment Mechanism (CBAM) and its looming financial impact on global trade.We are joined by Dan Maleski, Lead CBAM Advisor at Redshaw Advisors. As a strategic expert working at the intersection of climate policy and international trade, Dan provides critical guidance to governments, financial institutions, and industrial entities navigating the evolving regulatory landscape.In this episode, Dan highlights a critical gap - Misinterpretation of policies, amplified by headlines and partial information, is leaving businesses underprepared for what’s coming.In reality, CBAM is not going away. And assumptions of exemptions or delays could prove costly.Key Takeaways from the Episode:Margin Shock: For exporters with small margins (e.g., €15/tonne), a CBAM cost of €158/tonne creates an unsustainable financial reality.MSME Vulnerability: While large producers like JSW or Hindalco may scale, mid-market MSME mills face significant risks of market exit.The Pricing Gap: India’s upcoming Carbon Credit Trading Scheme (CCTS) is forecast at $5-10/tonne, a fraction of the €88/tonne EU ETS price.Strategic Survival: Carbon price hedging and supply chain shifts are temporary fixes; long-term survival requires fundamental decarbonization, such as EAF conversion.This is a conversation you can’t afford to miss.Full Episode is out now

#CarbonCircle #CBAM #ClimatePolicy #CarbonMarkets #Sustainability #GlobalTrade #Decarbonisation

The European Union’s Carbon Border Adjustment Mechanism (CBAM) is no longer a distant policy—it is rapidly becoming a defining force reshaping global trade, industrial competitiveness, and the economics of decarbonisation.In this episode of The Carbon Circle Podcast, host Roshan Rai, Founder of Carbon Mandal, is joined by Dan Maleski, Lead CBAM Advisor at Redshaw Advisors and one of the world’s foremost experts on carbon markets and compliance strategy.Together, they unpack the financial mechanics behind CBAM—who ultimately bears the cost, how carbon pricing flows through supply chains, and why exporters across emerging economies are already feeling the pressure.Through concrete scenarios and real market data, the conversation explores how CBAM could compress margins, reshape supply chains, and potentially accelerate structural changes in industries like steel and aluminium. The episode also examines India’s policy response, including the launch of the Carbon Credit Trading Scheme (CCTS) and ongoing negotiations with the EU, asking the difficult question: Can policy keep pace with the rapidly rising cost of carbon?If you are a business leader, policymaker, sustainability professional, or exporter navigating the emerging carbon economy, this episode offers a clear, strategic view of what lies ahead.📘 What You’ll Learn🌍 Who really pays for CBAM – While EU importers are legally liable, the financial burden often shifts across global supply chains to exporters and manufacturers.💰 The real cost of carbon borders – How a €88/tonne EU carbon price can translate into significant margin compression for exporters.🏭 Why MSMEs face disproportionate risk – And why large integrated producers may survive CBAM while smaller mills struggle.📉 India’s growing financial exposure – Understanding the estimated $8 billion annual CBAM liability and its implications for exports.📊 Why exports to the EU are already declining – Even before CBAM’s full financial phase begins.⚖️ India’s policy response – Will the upcoming Carbon Credit Trading Scheme (CCTS) meaningfully offset CBAM pressures?📈 Carbon price escalation risk – What happens if EU carbon prices rise toward €138/tonne by 2030 and beyond.🧭 Strategic survival strategies for exporters – From carbon hedging and supply chain restructuring to long-term industrial decarbonisation.🌐 Useful LinksRedshaw Advisorshttps://redshawadvisors.comConnect with Dan Maleskihttps://www.linkedin.com/in/dan-maleski/Carbon Mandal – Official Websitewww.carbonmandal.com🤝 Collaborations, Consulting & PartnershipsFor partnerships, collaborations, Life Cycle Assessment (LCA) projects, sustainability consulting, or to feature on The Carbon Circle Podcast, reach out to:📩 connect@carbonmandal.com🔖 Keywords:CBAM explained, carbon border tax EU, CBAM India impact, EU ETS carbon price, carbon markets India, steel decarbonisation, carbon border adjustment mechanism, India EU trade policy, carbon pricing strategy, decarbonisation finance#CBAM #CarbonMarkets #CarbonPricing #Decarbonisation #ClimatePolicy #EUETS #CarbonBorderTax #CarbonMandal #TheCarbonCircle #SustainableIndustry #ClimateEconomics

January 1, 2026 marks a turning point for global trade. The Carbon Border Adjustment Mechanism (CBAM) has officially entered its definitive phase — and for India’s steel industry, the conversation is shifting from theory to real financial impact.In this episode of The Carbon Circle Podcast, host Roshan Rai, Founder of Carbon Mandal, sits down with Stanislav Zinchenko, CEO of GMK Center, one of the earliest global researchers tracking CBAM since 2020.With India producing 152 million tonnes of steel annually — but exporting only 6.9 million tonnes — is CBAM an existential threat or just regulatory noise? And with Indian steel emitting nearly double the EU benchmark intensity, what does the math actually look like when carbon costs are priced at €70, €100, or even €150 per tonne?This conversation goes beyond headlines and dives into the economics, volatility, compliance burdens, SME vulnerability, hydrogen financing gaps, and the geopolitics shaping the next decade of global steel trade .If you’re in steel, manufacturing, trade policy, sustainability, or climate strategy — this episode is essential listening.📘 What You’ll Learn📊 CBAM 2026 Explained ClearlyWhat changed on January 1, 2026 — and what Indian steelmakers must now do differently in terms of reporting, verification, and certificate purchasing .💶 The Real Cost of CarbonHow EU ETS price volatility (swinging between €60–€82 in 2025) impacts export profitability — and why weekly pricing from 2027 changes everything .🏭 India’s 96% Emissions GapWith emission intensity at ~2.5 tCO₂/MT versus the EU benchmark of 1.28, what’s the true exposure — and where are the cost-reduction levers?📉 SMEs vs. Mega PlayersWhy Tata, JSW, and ArcelorMittal Nippon are piloting hydrogen DRI — but smaller producers may struggle to survive the transition .🔋 Hydrogen Economics & Capital RealityWith green hydrogen costing $4–6/kg in India (vs. $1.3–2/kg breakeven), what financing models could realistically work?🌍 The Global CBAM Domino EffectUK (2027), Canada, China, and others are designing similar mechanisms. What happens when carbon pricing becomes a global trade norm?📈 2034 Scenario PlanningIf EU ETS prices reach €100–150/tCO₂ and free allowances phase out completely, Indian steel could face €250–375 per MT in carbon costs. Is that sustainable?🤝 The Ecosystem GapWhere Indian steelmakers lack clarity today — and how execution partners can bridge carbon accounting, ESG strategy, and CBAM navigation .🌐 Useful LinksGMK Centerhttps://gmk.centerCarbon Mandal – Official Websitehttps://www.carbonmandal.comConnect with Stanislav Zinchenkohttps://www.linkedin.com/in/stanislav-zinchenko/🤝 Collaborations, Consulting & PartnershipsFor CBAM advisory, carbon accounting, supply chain emissions mapping, Life Cycle Assessments (LCA), ESG strategy, or to feature on The Carbon Circle Podcast:📩 connect@carbonmandal.com🔖 Keywords:CBAM 2026, Indian steel exports, EU ETS volatility, green steel India, hydrogen DRI economics, SME decarbonisation, carbon border tax India, embedded emissions reporting, steel trade geopolitics, Green Steel Taxonomy India, Carbon Mandal podcast#CBAM #IndianSteel #GreenSteel #Decarbonisation #CarbonMarkets #EUETS #ClimatePolicy #CarbonBorderTax #TheCarbonCircle #CarbonMandal