Ferroalloys/steel exporters effectively pay the gap at the EU border under CBAM.
KAZ ETS since 2013 — price ≈€1–2/t (World Bank State & Trends of Carbon Pricing 2025 / ICAP 2025), far below the EU.
At the EU ETS price of €80.01/t, this CO2 corresponds to an indicative carbon value of:
| Facility | Sector | t CO2/yr (est. 2023) | Gross value (full) |
|---|---|---|---|
| Qarmet steel plant | 7,938,008 | €598.2M | |
| Pavlodar Alumina Refinery (KAS) | 3,134,601 | €236.2M | |
| Kokshe Cement Plant | 1,072,325 | €80.8M | |
| HeidelbergCement Shymkentcement Plant | 638,279 | €48.1M | |
| Sin Yuan Steel Shymkent steel plant | 610,616 | €46.0M |
Gross value = all tracked CO2 × the carbon price; it is a ranking aid, not a liability. Emissions: Climate TRACE satellite estimates (2023) — indicative, not verified declarations. CBAM falls only on emissions embedded in EU-bound exports, at the phased-in share (2.5% in 2026 → 100% by 2034). More: IndustryAtlas.
Cut the bill at the source: heat-loss elimination via removable insulation typically saves 2–5% of fuel-related CO2 with <2-year payback — run the savings study or read the industrial insulation guide.