CBAM and the future of global trade
The European Union’s Carbon Border Adjustment Mechanism (CBAM), launched in October 2023, is a game-changer for international trade. By placing a levy on carbon-intensive imports, the EU aims to level the playing field for its own producers and incentivize global decarbonization. But CBAM’s implications extend far beyond borders. Let’s dive into the potential impacts: Trade […]
How to Choose the Best CBAM Reporting Software for Your Business
In today’s business environment, managing carbon border adjustment mechanism (CBAM) reporting has become increasingly crucial. As regulations tighten and businesses seek to demonstrate their commitment to sustainability, having the right CBAM reporting software is essential. The right tool can streamline the reporting process, ensure compliance, and provide insights that drive better decision-making. However, with so […]
The Heat is On: How CBAM Will Reshape the Steel Industry
The steel industry is a major target for the EU’s Carbon Border Adjustment Mechanism (CBAM). This newsletter dives into the potential impact of CBAM on steel production and explores how businesses can navigate this changing landscape. Challenges for Steelmakers: Cost Pressures: Steel producers with high carbon footprints will face significant cost increases due to CBAM […]
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 […]
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 […]
