CBAM Consulting – Carbon Border Adjustment Mechanism
The Carbon Border Adjustment Mechanism (CBAM) is an instrument designed by the European Union to reduce the risk of carbon leakage and support low-carbon industries. This mechanism requires importers of certain goods into the European Union to purchase and surrender CBAM certificates equivalent to the greenhouse gas emissions associated with the production of those goods.
Objectives of CBAM:
* Creating a level playing field for producers inside and outside the European Union
* Encouraging producers to reduce the carbon intensity of their products
* Preventing the relocation of production to countries with weaker environmental regulations
CBAM consulting services include:
* Identifying whether a product or industry is covered by the list of goods subject to CBAM, such as steel, cement, aluminum, fertilizers, electricity, and hydrogen
* Calculating the carbon footprint of products based on international standards, including ISO 14067 and the GHG Protocol
* Preparing the documents and reports required for declaration in the European Union’s CBAM system
* Assessing the supply chain and identifying high-emission areas
* Developing emission reduction strategies to reduce future costs of purchasing CBAM certificates
* Training technical teams and export units on CBAM requirements and processes
For more information about the services in this area, please contact the relevant experts.
02143904247