# Fitch Ratings: EU’s 'Fit for 55' climate plan to fuel long-term costs of fertilizer producers | World Fertilizer

> Fitch Ratings says the EU's 'Fit for 55' climate plan will raise carbon costs for European fertilizer and metals producers. The plan includes fewer free carbon allocations, a lower emissions cap and a Carbon Border Adjustment Mechanism that begins phasing in from 2023.

- Date: 2021-07-23 · published 2021-07-23T12:00:00.000Z
- Category: policy · region EU · magnitude low
- Page: https://feedsoft.ai/events/46391-fitch-ratings-eu-s-fit-for-55-climate-plan-to-fuel-long-term-costs-of
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher carbon costs for EU nitrogen producers, and CBAM charges on imports from 2026, could lift European fertilizer costs over the longer term and support global nitrogen prices. Fitch expects the impact to be limited in the medium term.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-03-04 | [Russia’s proposed ban adds fuel to fertilizer price fire \| The Western Producer](https://feedsoft.ai/events/42215-russia-s-proposed-ban-adds-fuel-to-fertilizer-price-fire-the-western-producer.md) | +12.2% | +16.2% |
| UREA | 2025-11-10 | [ICIS reports on EU introduction of fertilizer tax \| World Fertilizer](https://feedsoft.ai/events/22261-icis-reports-on-eu-introduction-of-fertilizer-tax-world-fertilizer.md) | -0.8% | -9.6% |
| UREA | 2026-01-05 | [Shake-up in EU fertilizer pricing to hit farmer costs \| Latest Market News](https://feedsoft.ai/events/20991-shake-up-in-eu-fertilizer-pricing-to-hit-farmer-costs-latest-market-news.md) | +1.7% | +14.0% |
| UREA | 2023-09-07 | [China Asks Fertilizer Producers to Suspend Urea Shipments - Bloomberg](https://feedsoft.ai/events/9877-china-asks-fertilizer-producers-to-suspend-urea-shipments-bloomberg.md) | -0.6% | -4.9% |
| UREA | 2021-12-02 | [Nitrogen fertilizer shortage expected to drive down yields worldwide \| The Western Producer](https://feedsoft.ai/events/43517-nitrogen-fertilizer-shortage-expected-to-drive-down-yields-worldwide-the.md) | -0.6% | -1.3% |

## Sources

- worldfertilizer.com: https://www.worldfertilizer.com/environment/23072021/fitch-ratings-eus-fit-for-55-climate-plan-to-fuel-long-term-costs-of-fertilizer-producers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.