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Three Lessons Learned: The Delay of First CBAM Reports and Future Compliance

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Why did the European Commission announce the opportunity of delayed submissions? On 29 January 2024, the European Commission (“EC”) granted an opportunity for importers to delay their first Carbon Border Adjustment Mechanism (“CBAM”) reporting (Q4 2023), which was supposed to be due on 31 January 2024. This announcement was made due to the technical problems […]
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Carbon Border Adjustment Mechanism (CBAM) – What Do Business Leaders Need to Know?

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The European Union’s Carbon Border Adjustment Mechanism (CBAM) is a carbon pricing tool to put a fair price on the carbon emitted during the production of carbon-intensive goods entering the European Union (EU) and to encourage cleaner industrial production in non-EU countries. CBAM is one of the components of the EU Green Deal, which aims […]
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