EU Climate Action: New Carbon Border Adjustment Mechanism (CBAM) and How to Prepare Your Business
Are you importing goods into the European Union? The new Carbon Border Adjustment Mechanism (CBAM) is set to significantly impact businesses operating within the EU market. The CBAM, implemented as part of the EU’s ambitious “Fit for 55” package, aims to level the playing field for European companies and encourage global climate action. Here’s a […]
7 Step Guide to Creating a CBAM Template for Compliance
Creating a CBAM Template for Compliance is crucial for businesses aiming to align with new environmental regulations. This comprehensive guide will walk you through the process of developing a CBAM template to ensure your company meets the required standards and avoids potential penalties. Understanding CBAM and Its Importance CBAM is an environmental policy tool designed […]
How the Energy Transition is Reshaping the Oil and Gas Sector
The global push towards a more sustainable future has brought the term “energy transition” into the limelight. This transition involves shifting from traditional fossil fuels to renewable energy sources, significantly impacting the oil and gas industry. As companies in this sector navigate the changes, they face both challenges and opportunities that are reshaping their business […]
Record Carbon Emissions in 2024: Impact and Future Trends
In 2024, the world witnessed a significant milestone in the ongoing battle against climate change. Global carbon emissions reached an unprecedented high, driven by a combination of economic recovery, adverse weather conditions, and persistent reliance on fossil fuels. This alarming trend highlights the urgent need for more robust and effective climate policies worldwide. Let’s explore […]
CBAM & Iron/Steel: Decoding Specific Embedded Emissions Calculations
Step 1 – Define system boundaries Everything shown in red color, along with Generated Electricity (shown in sky blue) is to be monitored Step 2 – Monitoring Method 1. Determine quantities of fuels and input materials consumed 2. Determine calculation factors e.g. net calorific value, emission factor Fuels – from Annex E of the document […]
CBAM Compliance: Understanding Scope and Calculating Embedded Emissions
Introduction Are you ready for the EU’s Carbon Border Adjustment Mechanism (CBAM)? Understanding the scope of reportable emissions and how to calculate them is crucial for compliance. This article breaks down the key concepts and steps involved. Inclusions Scope 1 – Direct Emission (Company Production): Emissions from your CBAM goods production processes. Scope 2 – […]
