The transitional phase of the EU Carbon Border Adjustment Mechanism (“CBAM”) is now underway with the deadline for submitting the first CBAM quarterly reports having already passed on 31 January 2024 (although with an extension until the end of February).*
The CBAM requires importers to report the embedded greenhouse gas emissions in carbon-intensive goods (initially aluminium, cement, iron and steel, electricity, fertilisers and hydrogen) and, from the commencement of the operational phase in 2026, purchase “CBAM certificates” to account for these emissions. The CBAM is intended to complement the EU Emissions Trading System (“EU ETS”) and level the playing field between EU and non-EU companies, ensuring that the production of carbon-intensive goods does not shift from within the EU to third countries in order to take advantage of less stringent climate policies.
In our latest webinar, we provide you with an Introduction to the CBAM. Specifically,
we discuss:
- The roles of different entities in the supply chain in respect of CBAM compliance;
- The transitional phase reporting requirements;
- The steps companies should be taking to prepare for the operational phase;
- Frequently Asked Questions
* Note, this on demand webinar was recorded before the Commission announced the 30 day deadline extension on 29 January 2024.
Click here to watch this on-demand webinar now.
If you have any follow up questions in respect of the presentation, please reach out to the authors.
