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Navigate safely through the regulations
The Carbon Border Adjustment Mechanism (CBAM) is a significant regulatory initiative which has been introduced by the European Union (EU) to address the carbon footprint associated with imported goods.
The CBAM regulation seeks to create a level playing field for businesses by discouraging carbon leakage. Requiring detailed reporting on the environmental impact of imported goods, the EU aims to incentivize the adoption of sustainable practices globally.
Under the existing EU Emission Trading System (EU ETS), EU producers must obtain emission allowances for the CO2 emissions associated with their products. The CBAM price adjustment ensures that these producers face no competitive disadvantage when importing from countries with lower climate standards. In other words: more administration and tasks to carry out before entering the EU…
EU importers of CBAM goods must now submit their initial report for goods imported in the 4th quarter of 2023, before the end of January 2024. Followed by continuous quarterly reports, providing detailed information on specific aspects related to the environmental impact of the imported goods. The products covered by the CBAM regulation are those associated with high energy intensity, specifically:
• Cement • Electricity • Iron and steel • Aluminum • Fertilizer • Hydrogen
Our CBAM related services and support
From 2026, importers will be mandated to pay for embedded emissions in their goods and offset the CO2 generated during their production, through CBAM-certificates. Their aim is to include all EU Emissions Trading System (ETS) sectors under CBAM regulations by 2030 and have the CBAM fully in place in 2034.
Guidance on registering your legal entity in the CBAM transitional registry
Confirmation of goods affected by CBAM regulation
Active support on the implementation of upstream carbon accounting methodologies according to CBAM requirements
Simplification of emissions data and efficient communication to enhance transparency
Reporting support, hands-on guidance, and preparation of reporting obligations on a quarterly basis for each EU member state and relevant CBAM reporting entity
The clock is ticking…
At Peterson we are committed to supporting a shift towards a more sustainable and environmentally conscious future. Recognizing the urgency of worldwide sustainability, we aim to make a positive impact on climate responsibility. Our services are designed to assist clients in navigating the evolving environmental landscape. Our specialists in environmental management and CO2 emission reporting collaborate with our custom and logistic experts to support you across the supply chain, from importers to operations of installations to adhere to CBAM requirements. Please download our flyer.CBAM flyer
Achieving goals together matters
the CBAM regulation imposes significant reporting obligations on EU importers. These reporting requirements contribute to the EU’s broader goal of fostering a more sustainable and environmentally conscious global trade system. As businesses adapt to these new regulations, the hope is for a collective effort towards a greener future and a more resilient global economy. We encourage you to get in touch with our Peterson experts and see where we can support you in the transition to a more sustainable future.Contact us
How can we support you?
Please contact us so we can help you with your sustainable challenges or certification implementation. Or do you have other questions? We will be glad to help.