Starting October 1, 2023, an important new measure will take effect: the Carbon Border Adjustment Mechanism (CBAM) of the European Union. This mechanism is a crucial step by the EU towards climate neutrality and has significant implications for companies worldwide.
What is CBAM?
CBAM is a measure against carbon leakage—the shifting of production to countries with less stringent emission regulations. By setting a carbon price for imported, emissions-intensive goods, it promotes fair competition both within and outside the EU.
How does CBAM work?
In a transition phase starting in October 2023, companies will have simplified reporting requirements. From 2026, importers will need to acquire CBAM certificates corresponding to the CO2 emissions of the imported goods.
Challenges and Opportunities
Companies face new challenges:
- Reporting and Monitoring: Accuracy in documenting emissions is essential.
- Regulatory Adaptation: Flexibility and adaptability to new regulations are required.
- Innovation and Investment: Investments in clean technologies may be necessary.
We Support You
ERA Group helps you tackle these challenges. Our expertise in areas such as energy efficiency, freight, and raw material procurement enables us to identify efficient CO2 reduction strategies and strengthen your competitive position.
Prepare for the Future with Us
Contact us now to develop your strategy for CBAM challenges and implement sustainable solutions.
CBAM: Understanding and Mastering the New EU Regulation
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