September 18, 2024 | less than a minute read

Understanding Carbon Border Adjustment Mechanism (CBAM)

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Mark Temme

Global Business Development Manager

Get in touch

Mark Temme

Global Business Development Manager

While searching for articles on new regulations, I found an excellent, easy-to-read post on the Carbon Border Adjustment Mechanism (CBAM). It provides a clear overview of CBAM’s requirements, such as assigning costs to emissions produced, the timeline from the transitional phase to the definitive period, and reporting obligations for importers. The article also explains who is required to comply, including importers and those authorized to file customs declarations, and details what quarterly CBAM reports should include. It also covers key challenges and next steps, like data collection, calculation, and alignment with other requirements.

The post also links to the European Commission's CBAM page: https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism_en.

For further support, check out our services related to CBAM at https://www.intertek.com/assuris/sustainability/cbam/.

#CBAM #GHG #sustainabiltyassurance #embeddedemissions

In summary, companies importing carbon-intensive goods into the EU are required to report greenhouse gas emissions (GHG) information quarterly (and later annually) that are linked to production of relevant goods.