CBAM continues to mature posing new challenges for EU importers

2024-06-30 Market News Europe
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Nine months after its test start, the EU Carbon Border Adjustment Mechanism (CBAM) is nearing a critical milestone – the transition from default emissions values to actual data.
Despite a challenging start in October last year, marked by domestic and international criticism, CBAM's evolution continues. Next week, the third CBAM reporting period will begin, which will be the last one, allowing default CO2 values to calculate total embedded emissions. The new phase will require unprecedented collaboration with suppliers, increased paperwork, and a deeper understanding of all involved processes. The European Commission (EC) actively provides education, clarifications, and technical support, drawing lessons from past errors. During a recent webinar, EC representatives outlined the future changes for CBAM. Continue Reading? Please click box below!

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