On Sunday, 1st October 2023, the Carbon Border Adjustment Mechanism (CBAM) entered its transitional phase, marking a significant milestone in the European Union’s efforts to combat climate change and promote sustainability.
To assist EU importers and non-EU installations in adapting to these new regulations, a CBAM transitional registry has been introduced. This registry will serve as a crucial resource, enabling importers to perform and report the necessary calculations to comply with the CBAM requirements effectively.
The European Commission, through DG TAXUD, is also taking proactive steps to support businesses during this transitional phase. They are gradually releasing a wealth of resources and guidance, including:
Detailed Written Guidance: The European Commission is providing comprehensive written guidance to help businesses navigate the CBAM requirements efficiently.
Online Training Materials and Webinars: To ensure a smooth transition, online training materials are being made available to help businesses understand and implement CBAM-related procedures.
The CBAM represents a significant shift in global trade dynamics, with a strong focus on environmental sustainability. By familiarizing yourselves with these resources and proactively addressing CBAM requirements, you can position your company for success in this evolving business landscape.
To access these valuable resources, we encourage you to visit the links provided by the European Commission/DG TAXUD. These materials will be instrumental in preparing your company for the reporting and compliance obligations associated with the CBAM.