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Carbon's Calamitous Climb: BNEF's Bold & Brazen Forecast

BloombergNEF forecasts European carbon prices rising to one hundred and eighty-five euros per metric ton by twenty-thirty-five, more than double current levels. Iron and steel make up seventy percent of goods covered by the Carbon Border Adjustment Mechanism, with India facing default cost increases of up to forty-five percent. Analysts warn that default obligations could reach five hundred euros per metric ton by twenty-thirty, making emissions verification through EU-accredited bodies a commercial necessity for exporters seeking to retain access to the European market.

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