Carbon pricing is becoming a more visible factor in the cost structure of European petrochemicals. Following on from our recent insight paper 'The true cost of EU ETS and CBAM on the European Petrochemical industry', Argus experts Alan Williamson, Victoria Hatherick and Anna Fittock unpack the implications of EU ETS Phase 4 and CBAM for the region’s steam cracker fleet, including: How carbon costs are calculated for EU crackers, and why they vary depending on emissions performance and benchmarking The evolution of ETS pricing and its impact on competitiveness How CBAM is designed to level the playing field and why its limited scope may accelerate downstream import substitution Why indirect costs from ETS, such as higher energy prices, remain a concern for EU producers To find out more about Argus' Light Olefins services, please click here.