How to calculate CBAM Certificate Costs - A Step by Step Guide

During Tuesday’s webinar on becoming an Authorized Declarant, it became evident that many companies affected by CBAM are still unsure about how to properly calculate the cost of emission certificates. The CBAM Factor only has effect on the CBAM Benchmark.

In the video below, we demonstrate how to calculate emissions and outline strategies to mitigate the risk of rising CBAM certificate prices.
Please note: the example used is based on aluminium, which generally has significantly higher emissions than steel or iron.

Question: What do you expect the benchmarks for aluminium and steel to be?