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What effective EU Carbon Border Adjustment Mechanism looks like
In this webcast, panelists discuss effective compliance and reporting readiness actions for CBAM, case studies and broader strategic considerations.
1 October 2023 marks the start of the transitional phase for the EU Carbon Border Adjustment Mechanism (EU CBAM). The EU CBAM imposes a levy on certain product categories imported into the EU, namely aluminum, cement, fertilizers, iron and steel, hydrogen and electrical energy. As of January 2024, impacted businesses are required to submit quarterly reports including information about emissions embedded and carbon prices already paid.
Assessing the potential impact of the EU CBAM from an operational, trade and cost perspective is essential, as is getting ready for compliance.
Have you assessed the potential impact of CBAM on your business? Have you taken steps to get ready for new compliance obligations?
Topics discussed include:
- EU CBAM overview, reporting obligations and timeline
- Practical case studies on how businesses are preparing for the potential impact of EU CBAM and reporting obligations
- UK CBAM developments
- Broader strategic and operational considerations in the context of decarbonization and sustainable business transformation
- Immediate steps for impacted businesses to take
The EU CBAM enters into force on 1 October 2023. Read latest insights on how to effectively prepare.