CBAM to Equalize Price of Carbon Paid for EU Products

EU just passed CBAM to ”equalize price of carbon paid for EU products,” going into effect 10/23. First up — iron and steel, cement, aluminum, fertilizers, and electricity; also hydrogen.  Who knows—maybe ag products with tarification for “equalization” is around the corner.  We’re prepared — watch for CPC (commodity plus carbon) ag futures.