The European Commission has set the first Carbon Border Adjustment Mechanism certificate price at €75.36 per metric ton of CO₂ for the first quarter of 2026. Importers of steel, cement, aluminium, fertilizers, & electricity must purchase these certificates from February 2027 to cover their 2026 imports. The price is calculated from average European Union Emissions Trading System auction prices & will shift to weekly publications from 2027, giving global exporters a clear & escalating carbon cost signal at Europe's borders.