With the new EU Commission, we are facing more and more bureaucracy in our projects.

The very thing that is needed for a company to position itself well is disappearing.

So it's more and more about getting valid data to feed this hunger of the EU.

Globally, little will change as a result.

The Carbon Border Adjustment Mechanism, or CBAM for short, is more of a vision.

The aim of the system is to price the emissions associated with the production of imported goods - the so-called grey emissions - in the same way as is the case for production within the EU. To this end, those who import goods must purchase so-called CBAM certificates from the EU member states.

Even if this initially only applies to greenhouse gas emissions, i.e. those generated during the production of iron and steel, cement, fertilisers, aluminium and electricity generation, it is a disadvantage for Europe as a business location.

In order to achieve CO2 neutrality, CO2 must be made significantly more expensive and the problem must be prevented from being shifted to other regions

Who would give up their (still) good market position in favour of a vision? You don't always have to be the first, while others watch you become weaker and weaker on the market.