What is CBAM?

The Carbon Border Adjustment Mechanism (CBAM) is a policy initiative adopted by the European Union, aimed primarily at combating “carbon leakage.” This term refers to the tendency of companies to relocate production outside the EU to countries with less stringent environmental regulations in order to avoid the costs associated with reducing CO2 emissions.

CBAM introduces tariffs on imports of certain products from sectors such as steel and iron, cement, aluminum, fertilizers, and electricity, calculating these tariffs based on the CO2 emissions generated during the production process of these goods in their countries of origin. By applying these tariffs, the EU aims to encourage adherence to strict carbon emission standards globally while ensuring fair competition for European industries, which face higher costs for reducing emissions.

At Carbon Expert, we are dedicated to providing specialized consultancy services to companies that need to align with the requirements imposed by CBAM. Our team will provide the necessary support to assess the impact of CBAM on your business activities and to develop customized solutions that minimize risks and maximize opportunities.

This process includes:

1. Opening an account in the CBAM Register: We assist in creating an account with the European Commission and the CBAM Register, required for importers wishing to import goods covered by the CBAM mechanism.

2. Training for CBAM information completion: We provide training for filling out information related to imported goods on the CBAM reporting platform, including written procedures and online sessions to clarify platform use.

3. Data collection for CBAM reporting: We collect necessary data from importers about suppliers to create a suitable database for CBAM reporting.

4. Creation of quarterly CBAM transition reports: We prepare CBAM reports based on data collected from suppliers and manage CBAM emissions data between importers, suppliers, and representatives.

5. Assistance with the CBAM Register: We handle correspondence with the CBAM Register to resolve errors or other issues during reporting.

6. Assistance with national authorities’ questions: We manage correspondence with national authorities to address questions related to information in the CBAM report.

7. Monitoring CBAM legislation: We track changes in CBAM legislation to ensure continuous compliance of imports.

Do You Need More Information About CBAM?

Carbon Expert is here to provide you with the necessary support to navigate this complex regulation and to ensure your compliance with the new European requirements.