1、Decoding ETS and CBAM:Strategic Insights for Materials and Process Industries Focus:Cement and SteelFebruary 2025By Nicole Voigt,Martin Feth,Tim Figures,and Leoni YildizBoston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their g

2、reatest opportunities.BCG was the pioneer in business strategy when it was founded in 1963.Today,we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholdersempowering organizations to grow,build sustainable competitive advantage,and drive positive societa

3、l impact.Our diverse,global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change.BCG delivers solutions through leading-edge management consulting,technology and design,and corporate and digital ventures.We work in a uniquely co

4、llaborative model across the firm and throughout all levels of the client organization,fueled by the goal of helping our clients thrive and enabling them to make the world a better place.Content04 Navigating a Shifting Regulatory Landscape06 ETS and CBAM:Understanding Regulatory Mechanisms09 Does CB

5、AM Really Level the Playing Field?11 How Can Producers and Buyers Best Position Themselves in a Changing Landscape?15 The Road Ahead16 The Authors4 DECODING ETS AND CBAM:STRATEGIC INSIGHTS FOR FOR MATERIALS AND PROCESS INDUSTRIESNavigating a Shifting Regulatory LandscapeAmong these efforts,the EU st

6、ands out as a leader,with some of the most sophisticated and ambitious carbon pricing mechanisms globally.Policies like the Emissions Trading System(ETS)and the Carbon Border Adjustment Mechanism(CBAM)aim to use market-based measures to incentivize emitters to reduce greenhouse gas emissions while p