The Carbon Border Adjustment Mechanism (CBAM) is a regulatory framework introduced by the European Union (EU) to tackle climate change by addressing the carbon emissions associated with imported goods. Officially released on May 16, 2023, CBAM aims to create a level playing field for EU producers by imposing a carbon tax on imported carbon-intensive goods.
GreenSutra® offers end-to-end CBAM solutions, including carbon footprint assessments, reporting assistance, advisory services, and training programs. These help businesses seamlessly navigate CBAM compliance and adapt their practices for long-term sustainability.
Significance of CBAM
CBAM was first proposed in 2019 as a component of the EU’s Green Deal and shall act as an integral element of the Fit for 55 package.
The Carbon Border Adjustment Mechanism (CBAM) regulation is a tool introduced by the European Union (EU) in an attempt to address the global problem of climate change.
Introduction of Carbon Tax
CBAM incentivises companies to adopt cleaner production methods by imposing a monetary charge on carbon emissions.
Mitigate Risk of Carbon Leakage
CBAM aims to prevent offshoring production to countries with less stringent environmental standards, thus protecting EU industries.
Promote Sustainable Practices
The mechanism encourages non-EU countries to enhance their environmental regulations and adopt sustainable industrial practices.
Impact On Carbon Intensive Goods
Aluminum
Cement
Electricity
Fertilizers
Hydrogen
Iron & Steel
Course of Action
For the Carbon Intensive Goods, quaterly disclosures are mandated for their embedded Carbon Emissions.
Eligibility
Boundaries
Methodology
Attribution
Reporting
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Questions Related to CBAM
Mark Johnson asked 7 months ago • CBAMChirag Jadhav asked 10 months ago • Carbon Footprint, CBAM, Ecological footprint, ESG, GHG Inventory, Life cycle assessmentAmaya Khan asked 10 months ago • Carbon Footprint, CBAM, Life cycle assessmentElizabeth Joseph asked 10 months ago • Carbon Footprint, CBAM
