Most US industry pays nothing domestically — but EU-bound steel/aluminium/cement pays CBAM.
No federal price. California cap-and-trade $29.27 (Feb 2025 auction, CARB) + RGGI power-sector market in the north-east.
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) |
|---|---|---|---|
| U.S. Steel Gary Works | 10,875,917 | €819.6M | |
| Cleveland-Cliffs Indiana Harbor steel plant | 9,040,985 | €681.3M | |
| Ascend Performance Materials LLC | 7,210,312 | €543.4M | |
| Donaldsonville Nitrogen Complex | 5,663,868 | €426.8M | |
| Cleveland-Cliffs Burns Harbor steel plant | 5,655,090 | €426.2M |
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.
