The impact of the EU's Carbon Border Adjustment Mechanism (CBAM) on the PV industry can be analyzed in several ways.

The implementation of CBAM will have an impact on the import of PV products. According to existing regulations, as long as the carbon pricing at the place of production is lower than the EU ETS carbon price, once imported into the EU tariff area, CBAM vouchers will have to be purchased to make up the difference between them. CBAM has not yet included the PV industry in its coverage, which means that PV products are not affected by CBAM's direct carbon tariffs for the time being. However, due to the imperfect system of carbon accounting methodology for Chinese PV products, the value of their carbon emissions is on the high side, which may have a negative impact when the EU expands the coverage of CBAM in the future.

In addition, the implementation of CBAM may also prompt PV companies to invest more in renewable energy and low-carbon technologies. For example, some companies in Turkey have already started to reduce their carbon emissions by installing unpermitted solar power facilities to avoid being affected by carbon tariffs after the implementation of CBAM. This trend is likely to be replicated globally, pushing the PV mounting industry to transition to greener, more efficient solutions.

The implementation of CBAM may also promote technological innovation and industrial upgrading in the PV mounting industry. In order to cope with the higher cost of carbon emissions, PV mount manufacturers may need to adopt more advanced materials and technologies to reduce the carbon footprint of their products. This will not only help to meet the requirements of the EU market, but also enhance the overall performance and market competitiveness of the products.

In conclusion, the impact of CBAM on the PV  industry is multifaceted. While it may bring some cost pressure in the short term, in the long term, it may also drive the industry in the direction of low carbon and high efficiency, and promote the global clean energy transition. Solar mounting as a part of PV products, our company will pay close attention to the changes in the CBAM policy and take active measures to adapt to the possible increase in carbon emission costs and market changes.