{"id":3611,"date":"2024-10-01T08:58:46","date_gmt":"2024-10-01T08:58:46","guid":{"rendered":"https:\/\/climease.com\/?p=3611"},"modified":"2025-07-18T07:14:20","modified_gmt":"2025-07-18T07:14:20","slug":"one-year-of-cbam-main-takeaways-and-next-steps","status":"publish","type":"post","link":"https:\/\/climease.com\/en\/one-year-of-cbam-main-takeaways-and-next-steps\/","title":{"rendered":"1 year of CBAM- Main takeaways and next steps"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3611\" class=\"elementor elementor-3611\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-65df0276 e-flex e-con-boxed e-con e-parent\" data-id=\"65df0276\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-492a8212 elementor-widget elementor-widget-text-editor\" data-id=\"492a8212\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><!-- wp:heading --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:heading --><\/p>\n<h3><span class=\"TextRun MacChromeBold SCXW200194402 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW200194402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">CBAM <\/span><span class=\"NormalTextRun SCXW200194402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">and global carbon taxation<\/span><\/span><\/h3>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><span class=\"TextRun SCXW15030977 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Today, on 1st October 2024, we mark exactly <\/span><\/span><span class=\"TextRun MacChromeBold SCXW15030977 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">one year<\/span><\/span><span class=\"TextRun SCXW15030977 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> since the <a href=\"https:\/\/climease.com\/comprehensive-guide-to-cbam-carbon-border-adjustment-mechanism\/\">Carbon Border Adjustment Mechanism (CBAM)<\/a> began its transitional phase. Designed at the end of 2021 as part of the EU&#8217;s &#8220;Fit for 55&#8221; package, CBAM ensures that local industrial and electrical production faces the same <\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">greenhouse gas <\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">emissions <\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">calculation <\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">rules and taxation as imports. It was created with three key <\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">objectives<\/span><span class=\"NormalTextRun SCXW15030977 BCX0\" data-ccp-parastyle=\"Normal (Web)\">:<\/span><\/span><span class=\"EOP SCXW15030977 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<ul>\n<li><strong><span class=\"TextRun MacChromeBold SCXW243317153 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW243317153 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Prevent carbon leakage<\/span><\/span><\/strong><span class=\"TextRun SCXW243317153 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW243317153 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>,<\/strong> where companies shift carbon-intensive production to countries with weaker climate policies or where EU products are replaced by more carbon-intensive imports.<\/span><\/span><span class=\"EOP SCXW243317153 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true}\">\u00a0<\/span><\/li>\n<li><strong><span class=\"TextRun MacChromeBold SCXW26047411 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW26047411 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Level the playing field<\/span><\/span><\/strong><span class=\"TextRun SCXW26047411 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW26047411 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> by ensuring imported goods incur the same carbon costs as EU-made products, thus avoiding competitive disadvantages for EU businesses and aligning with WTO regulations.<\/span><\/span><span class=\"EOP SCXW26047411 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true}\">\u00a0<\/span><\/li>\n<li><strong><span class=\"TextRun MacChromeBold SCXW41364471 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW41364471 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Promote cleaner production globally<\/span><\/span><\/strong><span class=\"TextRun SCXW41364471 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW41364471 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> by encouraging non-EU countries to adopt carbon pricing and leverage sustainability as a competitive advantage.<\/span><\/span><span class=\"EOP SCXW41364471 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><!-- \/wp:list-item --><\/p>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:image {\"id\":2941,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n<p><span data-contrast=\"auto\">CBAM will be fully operational by 2026, following the transitional period (October 2023 \u2013 December 2025). By then, all affected global suppliers will be required to adhere to CBAM&#8217;s emissions calculation rules and regularly report their emissions to EU clients. As CBAM reaches full implementation, the EU will begin phasing out the free allowances under the EU Emission Trading System, and CBAM will enter its definitive taxation phase, establishing the world&#8217;s first and most comprehensive carbon pricing framework, marking a significant step toward meeting its climate targets.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The transitional phase acts as a pilot for stakeholders to collect data on the embedded emissions of suppliers. Currently, importers only need to report direct greenhouse gas emissions from imports, without the need to purchase certificates. While both direct and indirect emissions must be collected from suppliers, it remains unclear if the final CBAM tax on all goods will apply to both. A review of the product scope is expected by 2030, potentially expanding to include glass, ceramics (as seen in the UK CBAM), and supplier emissions related to transport and heating from 2027, as the same sectors will fall under EU ETS 2.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><!-- \/wp:list-item --><\/p>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<h3><b><span class=\"TextRun MacChromeBold SCXW103112511 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW103112511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Key Lessons from CBAM\u2019s First Year<\/span><\/span><span class=\"EOP SCXW103112511 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/b><\/h3>\n<p><span class=\"TextRun SCXW180591908 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW180591908 BCX0\" data-ccp-parastyle=\"Normal (Web)\">As we move toward full CBAM implementation in 2026, the transitional phase has already revealed six key insights that will help companies prepare for the upcoming changes.<\/span><\/span><\/p>\n<ol>\n<li><strong><span class=\"TextRun MacChromeBold SCXW184200873 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184200873 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Strong Reporting Coverage, Despite Challenges<\/span><\/span><\/strong><span class=\"TextRun SCXW184200873 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW184200873 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>:<\/strong> The EU received around 60,000 reports during the first two quarters (Q4 2023 &amp; Q1 2024), showing good coverage overall. However, national agencies like Germany\u2019s DEHSt and Sweden\u2019s EPA reported fewer submissions than expected. Due to technical issues, the Q4\/2023 deadline was extended by two months. Notably, 90% of CBAM imports are managed by just 10% of declarants.<\/span><\/span><span class=\"EOP SCXW184200873 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/li>\n<li><strong><span class=\"TextRun MacChromeBold SCXW147374442 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW147374442 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Cross-Departmental Impact<\/span><\/span><\/strong><span class=\"TextRun SCXW147374442 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW147374442 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>:<\/strong> CBAM compliance goes beyond sustainability teams\u2014it affects customs, finance, trade, and supply chain management. Success requires seamless coordination between these departments and the broader supply chain.<\/span><\/span><span class=\"EOP SCXW147374442 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/li>\n<li><span class=\"TextRun MacChromeBold SCXW14266320 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14266320 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>Manual Burden on Both Ends<\/strong><\/span><\/span><span class=\"TextRun SCXW14266320 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW14266320 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>:<\/strong> The process of transcribing physical customs, contact, and emission data is labor-intensive and will become more so with the switch to real emissions values. Many international suppliers find the EU\u2019s Excel tool for emissions calculation overly complex, likely causing delays in reporting.<\/span><\/span><span class=\"EOP SCXW14266320 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/li>\n<li><strong><span class=\"TextRun MacChromeBold SCXW210463481 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW210463481 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Heavy Reliance on Default Values<\/span><\/span><\/strong><span class=\"TextRun SCXW210463481 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW210463481 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>:<\/strong> In Q4\/2023 and Q1\/2024, 95% of CBAM declarations relied on default values, with only a few sectors (like cement) submitting real data. This high reliance will make the transition to real emissions <\/span><span class=\"NormalTextRun SCXW210463481 BCX0\" data-ccp-parastyle=\"Normal (Web)\">data by October more challenging, increasing the complexity and pressure on companies.<\/span><\/span><span class=\"EOP SCXW210463481 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/li>\n<li><strong><span class=\"TextRun MacChromeBold SCXW119062101 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW119062101 BCX0\" data-ccp-parastyle=\"Normal (Web)\">Countries Responding to CBAM<\/span><\/span><\/strong><span class=\"TextRun SCXW119062101 BCX0\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW119062101 BCX0\" data-ccp-parastyle=\"Normal (Web)\"><strong>:<\/strong> Although some countries like India and South Africa have raised concerns about CBAM at the WTO, many are strengthening their carbon pricing systems to retain revenues. T\u00fcrkiye is moving quickly to align with CBAM, while others\u2014India, China, Vietnam, Colombia, and Canada\u2014are considering similar frameworks. The UK is closely aligning its CBAM strategy with the EU.<\/span><\/span><span class=\"EOP SCXW119062101 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/li>\n<\/ol>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<h3><strong><span class=\"TextRun MacChromeBold SCXW12335048 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW12335048 BCX0\" data-ccp-parastyle=\"Normal (Web)\">What to expect in the <\/span><span class=\"NormalTextRun SCXW12335048 BCX0\" data-ccp-parastyle=\"Normal (Web)\">coming<\/span><span class=\"NormalTextRun SCXW12335048 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> months<\/span><\/span><span class=\"EOP SCXW12335048 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/strong><\/h3>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:image {\"id\":2942,\"sizeSlug\":\"large\",\"linkDestination\":\"none\"} --><\/p>\n<figure><\/figure>\n<p><!-- \/wp:image --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<h5><b><span data-contrast=\"auto\">CBAM Enforcement is Strengthening<\/span><\/b><\/h5>\n<p><span data-contrast=\"auto\">As of June, CBAM enforcement has ramped up, with the EU reconfirming that from Q3 2024, default values will no longer be accepted. At least 80% of a product&#8217;s embedded emissions must be based on real data, with only 20% allowed from default values. For industries like iron, steel, and aluminium, where most emissions occur upstream, it will be difficult to meet this threshold shortly, making multi-tier engagement mandatory.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:true,&quot;134233118&quot;:true,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This shift underscores the need for automated CBAM compliance solutions. Automation is key to streamlining data collection, connecting suppliers and importers, reducing errors, and ensuring timely reporting.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<h5><strong><span class=\"TextRun MacChromeBold SCXW227483511 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">CBAM products set to become<\/span> <span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">up to<\/span> <span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">60%<\/span> <span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">more expensive <\/span><span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">already <\/span><span class=\"NormalTextRun SCXW227483511 BCX0\" data-ccp-parastyle=\"Normal (Web)\">in 2026<\/span><\/span><span class=\"EOP SCXW227483511 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/strong><\/h5>\n<p><span class=\"TextRun SCXW220731463 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">As 2026 approaches, companies are now facing the reality of CBAM&#8217;s final phase, which is set to reshape international trade. <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">CBAM <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">tax calculations <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">will include<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> sectoral and performance<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">-based<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> benchmarks<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">,<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> in line with the ones of the EU ETS<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> Importers will then pay the CBAM tax on the difference between the actual imported embedded emissions and the CN-code specific benchmark<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.<\/span> <span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">This means that by 2026, <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">CBAM-covered goods like <\/span><\/span><span class=\"TextRun MacChromeBold SCXW220731463 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">steel <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">can <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">become <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">15% more expensive, while <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">aluminium<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> up to 60%<\/span><\/span><span class=\"TextRun SCXW220731463 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">. <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">However, <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">exact price increase forecasts are hard to make as the official CBAM benchmarks <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">probably won\u2019t<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> be published until late 2025<\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">. <\/span><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">More on this in our dedicated <\/span><\/span><a class=\"Hyperlink SCXW220731463 BCX0\" href=\"https:\/\/climease.com\/en\/c-booom-cbam-tax-update-eu-set-to-tax-60-or-more-of-imported-emissions-already-in-2026\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW220731463 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-charstyle=\"Hyperlink\">CBAM tax blog<\/span><\/span><\/a><span class=\"TextRun SCXW220731463 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW220731463 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.<\/span><\/span><span class=\"EOP SCXW220731463 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<p><span class=\"TextRun SCXW7978402 BCX0\" lang=\"EN-GB\" xml:lang=\"EN-GB\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">For the current quarter (Q3 2024), the EU has <\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">stated<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> that importers must make all &#8220;possible and reasonable&#8221; efforts to collect emissions data.<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> Supplier engagement efforts will need to be tracked and <\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">disclosed<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">: importers must send at least 2 emails to suppliers by quarter.<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> National Competent Authorities (NCAs) in each EU country will <\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">then <\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">assess whether companies have <\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">allocated<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> sufficient resources based on their size, import volumes, the proportion of CBAM goods they handle<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\"> and their CBAM report improvements over time<\/span><span class=\"NormalTextRun SCXW7978402 BCX0\" data-ccp-parastyle=\"Normal (Web)\">.<\/span><\/span><span class=\"EOP SCXW7978402 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<h5><b><span data-contrast=\"auto\">Mandatory 3<\/span><\/b><b><span data-contrast=\"auto\">rd<\/span><\/b><b><span data-contrast=\"auto\"> Verification<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">Many importers wonder how they can ensure the accuracy and reliability of the data provided by their suppliers. Starting in 2026, when CBAM becomes financially significant, third-party verification of factory emissions will be mandatory. Reporting lower emissions now, only to face costly surprises later, would only damage business relationships\u2014especially when there&#8217;s no tax liability at present.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/p>\n<p>\u00a0<\/p>\n<h5><b><span data-contrast=\"auto\">CBAM risk hedging as a way to mitigate Tax risk<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:0,&quot;335559739&quot;:360}\">\u00a0<\/span><\/h5>\n<p><span data-contrast=\"auto\">As CBAM enforcement intensifies, businesses can adopt various strategies to mitigate financial risks. One effective approach is hedging through European Union Allowances (EUAs), the certificates required in the EU Emission Trading System. Since CBAM certificates will be tied to EU ETS\u2019s carbon prices, companies can purchase EUAs now, anticipating price increases, and sell them later, thereby minimizing future exposure to CBAM-related costs. Contact us to be redirected to specialised partners.\u00a0<\/span><\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CBAM and global carbon taxation Today, on 1st October 2024, we mark exactly one year since the Carbon Border Adjustment Mechanism (CBAM) began its transitional phase. Designed at the end of 2021 as part of the EU&#8217;s &#8220;Fit for 55&#8221; package, CBAM ensures that local industrial and electrical production faces the same greenhouse gas emissions [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":6305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-learning"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>1 year of CBAM- Main takeaways and next steps | Climease<\/title>\n<meta name=\"description\" content=\"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/climease.com\/en\/one-year-of-cbam-main-takeaways-and-next-steps\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1 year of CBAM- Main takeaways and next steps\" \/>\n<meta property=\"og:description\" content=\"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/climease.com\/en\/one-year-of-cbam-main-takeaways-and-next-steps\/\" \/>\n<meta property=\"og:site_name\" content=\"Climease\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-01T08:58:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-18T07:14:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"681\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tamas Szorcsik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tamas Szorcsik\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/\"},\"author\":{\"name\":\"Tamas Szorcsik\",\"@id\":\"https:\/\/climease.com\/#\/schema\/person\/109ea7b946b991dd752d51ba917a63db\"},\"headline\":\"1 year of CBAM- Main takeaways and next steps\",\"datePublished\":\"2024-10-01T08:58:46+00:00\",\"dateModified\":\"2025-07-18T07:14:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/\"},\"wordCount\":1058,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/climease.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg\",\"articleSection\":[\"e-Learning\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/\",\"url\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/\",\"name\":\"1 year of CBAM- Main takeaways and next steps | Climease\",\"isPartOf\":{\"@id\":\"https:\/\/climease.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg\",\"datePublished\":\"2024-10-01T08:58:46+00:00\",\"dateModified\":\"2025-07-18T07:14:20+00:00\",\"description\":\"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.\",\"breadcrumb\":{\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage\",\"url\":\"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg\",\"contentUrl\":\"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg\",\"width\":681,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/climease.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"1 year of CBAM- Main takeaways and next steps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/climease.com\/#website\",\"url\":\"https:\/\/climease.com\/\",\"name\":\"Climease\",\"description\":\"All-In-One CBAM Software\",\"publisher\":{\"@id\":\"https:\/\/climease.com\/#organization\"},\"alternateName\":\"Climease\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/climease.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/climease.com\/#organization\",\"name\":\"Climease\",\"url\":\"https:\/\/climease.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/climease.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/climease.com\/wp-content\/uploads\/2025\/10\/climease-logo@2x.png\",\"contentUrl\":\"https:\/\/climease.com\/wp-content\/uploads\/2025\/10\/climease-logo@2x.png\",\"width\":130,\"height\":128,\"caption\":\"Climease\"},\"image\":{\"@id\":\"https:\/\/climease.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.linkedin.com\/company\/climease\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/climease.com\/#\/schema\/person\/109ea7b946b991dd752d51ba917a63db\",\"name\":\"Tamas Szorcsik\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/climease.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0ac74b07cf0ee647741458249284eb7d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0ac74b07cf0ee647741458249284eb7d?s=96&d=mm&r=g\",\"caption\":\"Tamas Szorcsik\"},\"url\":\"https:\/\/climease.com\/en\/author\/tamas\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"1 year of CBAM- Main takeaways and next steps | Climease","description":"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/climease.com\/en\/one-year-of-cbam-main-takeaways-and-next-steps\/","og_locale":"en_US","og_type":"article","og_title":"1 year of CBAM- Main takeaways and next steps","og_description":"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.","og_url":"https:\/\/climease.com\/en\/one-year-of-cbam-main-takeaways-and-next-steps\/","og_site_name":"Climease","article_published_time":"2024-10-01T08:58:46+00:00","article_modified_time":"2025-07-18T07:14:20+00:00","og_image":[{"width":681,"height":480,"url":"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg","type":"image\/jpeg"}],"author":"Tamas Szorcsik","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tamas Szorcsik","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#article","isPartOf":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/"},"author":{"name":"Tamas Szorcsik","@id":"https:\/\/climease.com\/#\/schema\/person\/109ea7b946b991dd752d51ba917a63db"},"headline":"1 year of CBAM- Main takeaways and next steps","datePublished":"2024-10-01T08:58:46+00:00","dateModified":"2025-07-18T07:14:20+00:00","mainEntityOfPage":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/"},"wordCount":1058,"commentCount":0,"publisher":{"@id":"https:\/\/climease.com\/#organization"},"image":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage"},"thumbnailUrl":"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg","articleSection":["e-Learning"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/","url":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/","name":"1 year of CBAM- Main takeaways and next steps | Climease","isPartOf":{"@id":"https:\/\/climease.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage"},"image":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage"},"thumbnailUrl":"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg","datePublished":"2024-10-01T08:58:46+00:00","dateModified":"2025-07-18T07:14:20+00:00","description":"Learn about 1 year of CBAM- Main takeaways and next steps. News on CBAM compliance and emissions reporting.","breadcrumb":{"@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#primaryimage","url":"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg","contentUrl":"https:\/\/climease.com\/wp-content\/uploads\/2024\/10\/1-year-of-CBAM-Main-takeaways-and-next-steps.jpg","width":681,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/climease.com\/one-year-of-cbam-main-takeaways-and-next-steps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/climease.com\/"},{"@type":"ListItem","position":2,"name":"1 year of CBAM- Main takeaways and next steps"}]},{"@type":"WebSite","@id":"https:\/\/climease.com\/#website","url":"https:\/\/climease.com\/","name":"Climease","description":"All-In-One CBAM Software","publisher":{"@id":"https:\/\/climease.com\/#organization"},"alternateName":"Climease","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/climease.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/climease.com\/#organization","name":"Climease","url":"https:\/\/climease.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/climease.com\/#\/schema\/logo\/image\/","url":"https:\/\/climease.com\/wp-content\/uploads\/2025\/10\/climease-logo@2x.png","contentUrl":"https:\/\/climease.com\/wp-content\/uploads\/2025\/10\/climease-logo@2x.png","width":130,"height":128,"caption":"Climease"},"image":{"@id":"https:\/\/climease.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/climease\/"]},{"@type":"Person","@id":"https:\/\/climease.com\/#\/schema\/person\/109ea7b946b991dd752d51ba917a63db","name":"Tamas Szorcsik","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/climease.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0ac74b07cf0ee647741458249284eb7d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0ac74b07cf0ee647741458249284eb7d?s=96&d=mm&r=g","caption":"Tamas Szorcsik"},"url":"https:\/\/climease.com\/en\/author\/tamas\/"}]}},"_links":{"self":[{"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/posts\/3611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/comments?post=3611"}],"version-history":[{"count":45,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/posts\/3611\/revisions"}],"predecessor-version":[{"id":6306,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/posts\/3611\/revisions\/6306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/media\/6305"}],"wp:attachment":[{"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/media?parent=3611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/categories?post=3611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climease.com\/en\/wp-json\/wp\/v2\/tags?post=3611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}