Fit for Carbon Pricing: Supporting emissions reporting and pricing readiness in emissions-intensive industrial sectors

More and more countries are implementing carbon pricing instruments and considering adopting border carbon adjustments. The EU Carbon Border Adjustment Mechanism (CBAM) puts a price on emissions of certain carbon-intensive imports, giving low-emission products a comparative advantage in the EU and, prospectively, beyond. Several Brazilian and Turkish companies rely on EU-exports and their goods are subject to CBAM. With the implementation of national Emission Trading Systems (ETS), this creates incentives to invest into low-carbon technologies. The project strengthens public and private capacities. It provides know-how on the implementation of ETS, strengthens monitoring, reporting, and verification (MRV), supports industrial decarbonisations and increases CBAM-readiness. By sharing results, it supports Türkiye and Brazil to become worldwide multiplicators on the issues of carbon pricing, industrial decarbonisation and CBAM-readiness, strengthening capacities in additional countries.