{"id":11353,"date":"2023-10-16T10:41:40","date_gmt":"2023-10-16T10:41:40","guid":{"rendered":"https:\/\/ftc-support.com\/?page_id=11353"},"modified":"2023-10-16T10:47:05","modified_gmt":"2023-10-16T10:47:05","slug":"cbam","status":"publish","type":"page","link":"https:\/\/ftc-support.com\/en\/cbam\/","title":{"rendered":"CBAM"},"content":{"rendered":"

CBAM<\/h1><\/div>

Carbon Border Adjustment Mechanism<\/strong><\/h4><\/div>
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Do you import goods such as iron, steel, aluminium (as well as goods made from the raw materials mentioned), cement, fertiliser, electricity and hydrogen from non-EU countries?<\/strong><\/h5><\/div>

If so, you will be affected by the new Carbon Boundary Adjustment Mechanism (CBAM) from October 2023.<\/p>\n

This is associated with extensive reporting obligations for companies.<\/p>\n

The EU Carbon Boundary Adjustment Mechanism (CBAM) is a new measure of the European Union to price the import of CO2-intensive goods from third countries. CBAM is intended to help achieve the European climate targets and strengthen the competitiveness of European companies.<\/p>\n<\/div><\/div><\/div><\/div><\/div>

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How does CBAM work?<\/p>\n

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CBAM provides that importers of CO2-intensive goods from third countries must make an offset payment for the emissions of these goods.<\/p>\n

The amount of the offset payment is determined on the basis of the CO2 price in the EU Emissions Trading Scheme.<\/p>\n

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What goods are affected?<\/p>\n

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CBAM is initially imported for the following goods and commodities therefrom:<\/p>\n