{"id":680691,"date":"2026-01-11T00:00:00","date_gmt":"2026-01-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/11\/egypt-secures-eu-carbon-tax-reprieve-until-2027\/"},"modified":"2026-01-11T00:00:00","modified_gmt":"2026-01-11T00:00:00","slug":"egypt-secures-eu-carbon-tax-reprieve-until-2027","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/11\/egypt-secures-eu-carbon-tax-reprieve-until-2027\/","title":{"rendered":"Egypt secures EU carbon tax reprieve until 2027"},"content":{"rendered":"

Good afternoon, friends, and welcome to the start of another workweek.<\/strong> To start you off, we\u2019ve got an exclusive on Egypt securing a two-year reprieve from the EU\u2019s carbon border tax, a deep dive into the plastics industry\u2019s green crossroads, and a guide to financing your next car.<\/p>\n

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THE BIG STORY TODAY-<\/p>\n

? EXC<\/strong>LUSIVE- Egypt <\/strong>has received preliminary approval from the EU to exempt its exports<\/strong> from the Carbon Border Adjustment Mechanism (CBAM) until the end of 2027<\/strong>, two government sources tell EnterpriseAM. This diplomatic W following earlier lobbying for the move, reported on exclusively by EnterpriseAM last week<\/a>, grants local energy-intensive manufacturers \u2014 think steel, fertilizer, aluminum, and cement sectors \u2014 a crucial two-year window to decarbonize before facing punitive border tariffs.<\/p>\n

Why this matters: <\/strong>Failure to comply with the carbon border tax or decarbonize at pace would cost local manufacturers an estimated USD 317 mn annually in carbon surcharges<\/a>, according to Environment Ministry studies seen by EnterpriseAM. By pushing the deadline, Egypt is protecting the competitiveness of its exports in its largest market and prevents an imported inflationary spike that would have hit the local market if producers passed on compliance costs.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

? No <\/strong>single story is headlining the business pages today, but oil <\/strong>continues to <\/strong>make the rounds around the globe:<\/strong><\/p>\n

US President Donald Trump signed an emergency executive order to block courts and <\/strong>creditors from seizing Venezuelan oil revenue held in US Treasury accounts<\/strong>, according to the White House. The order states that the revenue is \u201cheld solely for sovereign and diplomatic purposes.\u201d<\/p>\n

Oil traders are shifting focus from Venezuela to Iran after the US\u2019 agreement to import <\/strong>mns of Venezuelan oil barrels led to a price drag.<\/strong> Iran has been experiencing deadly protests and threats of US retaliation over the past few days, and experts believe that as a \u201cfar bigger producer and exporter,\u201d a supply disruption in Iran would be more impactful.<\/p>\n

^^Read more on: Bloomberg<\/a>, CNBC<\/a>, and Reuters<\/a>. <\/p>\n

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