EU Carbon Border Adjustment Mechanism (CBAM) Webcast Series

Event 2: Getting ready for CBAM reporting

Building on Event 1: Introduction to CBAM (see below for details), Event 2 in our series was focused on how CBAM may impact different parties in the supply chain, as well as the practical side of the CBAM reporting obligation, which commences from 1 October 2023. We also discussed some of the burning questions we are receiving as organisations get ready for CBAM.

Event 1: Introduction to CBAM

The EU’s CBAM sits alongside other sustainability measures (such as the Corporate Sustainability Reporting Directive guidelines) as key pieces of the EU’s globally-focussed sustainability regulation. CBAM will pose significant challenges for certain hard-to-abate sectors that grapple with higher embedded emissions. 

In principle, CBAM will apply the same price per ton of embedded carbon emissions for an imported ‘CBAM product’ as what applies under the domestic EU Emissions Trading System (EU ETS) at that time.

CBAM will be a levy calculated by reference to the greenhouse gas emissions embedded in certain products when they are imported into the EU Customs Union.

On this first call of our CBAM Series, we discuss the context, key mechanics and customs link for CBAM, as well as the no regret actions you can take today.