{"id":6108,"date":"2024-05-23T05:11:56","date_gmt":"2024-05-23T03:11:56","guid":{"rendered":"https:\/\/eastwise.co\/?p=3619"},"modified":"2024-05-23T05:11:56","modified_gmt":"2024-05-23T03:11:56","slug":"everything-you-need-to-know-about-the-carbon-border-adjustment-mechanism-cbam","status":"publish","type":"post","link":"https:\/\/refontesite.com\/eastwiserefonte\/en\/everything-you-need-to-know-about-the-carbon-border-adjustment-mechanism-cbam\/","title":{"rendered":"Everything you need to know about the Carbon Border Adjustment Mechanism (CBAM)"},"content":{"rendered":"<div class=\"wp-block-post-date\"><time datetime=\"2024-05-23T05:11:56+02:00\">23 mai 2024<\/time><\/div>\n\n\n<p><strong>The <strong>Carbon<\/strong><\/strong> <strong>Border Adjustment Mechanism (CBAM) represents the European Union&rsquo;s (EU) commitment to setting a fair price on carbon emissions linked to the production of carbon-intensive goods. Its aim is to encourage cleaner industrial production in non-EU countries.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-67c5a9571339a85845a34e9787f07858\" style=\"color:#254b72\"><strong>Explanation<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-media-text has-media-on-the-right is-stacked-on-mobile\" style=\"grid-template-columns:auto 44%\"><div class=\"wp-block-media-text__content\">\n<p><strong>The CBAM will come into force in 2026 and will apply to various products*<\/strong>. Importers will be required to declare each year the verified emissions of imported goods, as well as the carbon price paid abroad.<\/p>\n<\/div><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" src=\"https:\/\/refontesite.com\/eastwiserefonte\/wp-content\/uploads\/2024\/05\/Products_English.png\" alt=\"\" class=\"wp-image-3621 size-full\"\/><\/figure><\/div>\n\n\n\n<p><strong>European importers of goods covered by CBAM will have to register with the relevant national authorities, where they will also be able to acquire CBAM certificates. <\/strong>The price of CBAM certificates will be determined on the basis of the average weekly price of EU Emissions Trading Scheme (EU ETS) allowances sold at auction, expressed in \u20ac\/tonne of CO2 emitted.<\/p>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile is-vertically-aligned-top\" style=\"grid-template-columns:36% auto\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" src=\"https:\/\/refontesite.com\/eastwiserefonte\/wp-content\/uploads\/2024\/05\/Phases_English.png\" alt=\"\" class=\"wp-image-3622 size-full\"\/><\/figure><div class=\"wp-block-media-text__content\">\n<p><strong>EU importers will have to declare the intrinsic emissions of their imports and surrender the corresponding number of certificates each year.<\/strong> In addition, importers will be able to deduct the corresponding amount if a carbon price has already been paid during the production of the imported goods.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-text-color has-link-color wp-elements-010f4711542962a13b87ec8f134e9b86\" style=\"color:#254b72\"><strong>Who does what?<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Importers<\/strong> report emissions and carbon prices for imported goods annually.<\/li>\n\n\n\n<li><strong>Third country trading partners<\/strong> will provide the necessary data.<\/li>\n\n\n\n<li><strong>Customs<\/strong> verify the declarations and forward them to the European Commission (EC).<\/li>\n\n\n\n<li>The <strong>EC <\/strong>supervises customs and the competent authorities. It manages the CBAM register, publishes certificate prices, takes account of foreign carbon prices and verifies CBAM declarations.<\/li>\n\n\n\n<li><strong>The competent authorities in each Member State<\/strong> authorise declarants, sell certificates, accredit verifiers, impose penalties and deal with appeals.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#254b72\"><strong>How Eastwise can support you during the CBAM transition period<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Importer engagement and support:<\/strong> regular communication on CBAM phases.<\/li>\n\n\n\n<li><strong>Explanation\/training\/coaching of suppliers:<\/strong> to reduce complexity and share the right information.<\/li>\n\n\n\n<li><strong>Gathering information from suppliers:<\/strong> to facilitate the declaration process.<\/li>\n\n\n\n<li><strong>Support in discussions with suppliers.<\/strong> As this measure is likely to have an impact on commercial relations, working with Eastwise can facilitate your commercial exchanges.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/refontesite.com\/eastwiserefonte\/wp-content\/uploads\/2024\/05\/Checklist_English-1024x390.png\" alt=\"\" class=\"wp-image-3623\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-color\" style=\"color:#254b72\"><strong>FAQ<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>As a French importer, where do I start?<br><\/strong>Start by registering on the transitional CBAM register and raising awareness among your external trading partners.<\/li>\n\n\n\n<li><strong>What finished products does the first phase of this measure concern?<\/strong><br>Examples of products: electronic products, furniture and household goods, fence posts and slats, hardware and tools, etc.<\/li>\n\n\n\n<li><strong>What basic information should be collected?<br><\/strong>The basic information includes the verified emissions of imported goods and the price of carbon paid abroad.<\/li>\n\n\n\n<li><strong>How should it be collected?<br><\/strong>Importers must collect this information from their suppliers and record it in a dedicated file.<\/li>\n\n\n\n<li><strong>Where can I find out more about CBAM?<br><\/strong>Visit the European Commission&rsquo;s CBAM website for detailed information: <a href=\"https:\/\/taxation-customs.ec.europa.eu\/carbon-border-adjustment-mechanism_fr#faq\" target=\"_blank\" rel=\"noopener\">https:\/\/taxation-customs.ec.europa.eu\/carbon-border-adjustment-mechanism_fr#faq&nbsp;<\/a><\/li>\n\n\n\n<li><strong>For more details, we invite you to read the dedicated article on <a href=\"https:\/\/blogistics.fr\/le-mecanisme-ajustement-carbone-aux-frontieres-macf\/\" target=\"_blank\" rel=\"noreferrer noopener\">Blogistics<\/a><\/strong>, a portal committed to providing you with the latest information and best practices in the industry, while offering you educational and technical content.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/refontesite.com\/eastwiserefonte\/wp-content\/uploads\/2024\/05\/CBAM_English.pdf\">Click here to download our PDF file on the subject<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-text-align-center has-white-color has-text-color has-background has-larger-font-size\" style=\"background-color:#254b72\"><strong><a href=\"https:\/\/refontesite.com\/eastwiserefonte\/en\/contact-us\/\" target=\"_blank\" rel=\"noreferrer noopener\">Do you have any needs or concerns about the CBAM? Get in touch with us!<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Carbon Border Adjustment Mechanism (CBAM) represents the European Union&rsquo;s (EU) commitment to setting a fair price on carbon emissions linked to the production of carbon-intensive goods. Its aim is to encourage cleaner industrial production in non-EU countries. Explanation The CBAM will come into force in 2026 and will apply to various products*. Importers will [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[2161],"tags":[1076,1061,1078,1080,1082,1084,1086,1088,1090,1092,1094,1096,1098,1100,1102,1104,1106,1108,1110],"class_list":["post-6108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry","tag-border-carbon-adjustment-mechanism-en","tag-carbon-fr","tag-carbon-border","tag-carbon-border-adjustment-mechanism-en","tag-carbon-border-adjustment-mechanism-cbam-en","tag-carbon-border-adjustment-mechanism-deutsch-en","tag-carbon-border-adjustment-mechanism-eu-en","tag-carbon-border-adjustment-mechanism-european-parliament-en","tag-carbon-border-adjustment-mechanism-explained-en","tag-carbon-border-adjustment-mechanism-pdf-en","tag-carbon-border-adjustment-mechanism-regulation-en","tag-carbon-border-adjustment-mechanism-upsc","tag-cbam-en","tag-cbam-2026","tag-co2-emitted","tag-ec","tag-eu-importers","tag-european-commission","tag-french-importer"],"lang":"en","translations":{"en":6108},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/posts\/6108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/comments?post=6108"}],"version-history":[{"count":0,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/posts\/6108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/media\/6115"}],"wp:attachment":[{"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/media?parent=6108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/categories?post=6108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/refontesite.com\/eastwiserefonte\/wp-json\/wp\/v2\/tags?post=6108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}