Webinar

EU CBAM: a moving target

The EU carbon border adjustment mechanism (CBAM) is reshaping traditional trading dynamics. The mechanism started to impact carbon and other commodity markets even before full implementation began on 1 January 2026. Imports across key sectors- including steel, cement, aluminium, fertilisers, electricity and hydrogen- into the EU must account for emissions through CBAM. 


In this webinar, we examine how CBAM has been evolving and how it is set to change in the near to mid-term. We also look at the CBAM cost mechanism and how companies are navigating while adapting to the new rules and mitigating risks. 

 

Listen to Argus carbon and power market experts Erisa Senerdem and Apostolos Tsarikas discuss: 

  • CBAM’s evolving set up: how the mechanism is being strengthened 
  • The (un)knowns around CBAM cost calculation: default values vs verified emissions data, benchmarks, and effective carbon price paid in third country
  • Hedging limitations of CBAM certificates: proxy hedging through EU ETS allowances
  • CBAM’s impact on carbon and other CBAM commodity markets 

 

Meet the Speakers >>

 

Learn more about Argus Carbon >>

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Meet the Speakers

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Erisa Senerdem
Global Lead, Carbon
Argus Media

Erisa Senerdem is the global lead for carbon markets at Argus and oversees the global coverage of compliance and voluntary carbon markets under the Argus Carbon service. Erisa has been with Argus for over 11 years and previously covered biomass, power, natural gas, coal and petroleum coke markets. She has 13+ years of experience in energy and commodity markets. Prior to Argus, Erisa worked as a researcher, university lecturer, journalist and parliamentary consultant for EU legislation. She holds a Ph.D. in economics, with a special focus on power markets reform.

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Apostolos Tsarikas 
Deputy Editor, Gen Fuels  
Argus Media  

Apostolos Tsarikas has been part of Argus Media since September 2021. He is working as a deputy editor in the European Electricity team, focusing on the Southeastern European electricity market pricing and analysis. Apostolos has previously worked as an energy markets analyst, with prior experience in financial modelling for renewable and oil and gas assets. He holds a Master of Science degree in Petroleum, Energy Economics and Finance. 

Argus Carbon 

The Argus Carbon service provides the latest carbon price benchmarks, policy and project news, and deep analysis, on a daily basis. You can access content through a real-time web portal, daily emails and price feeds, as well as a weekly PDF report.