Identifying Errors in CBAM’s Information Flow: A Call for Clarity and Safety
The Carbon Border Adjustment Mechanism (CBAM) is one of the European Union’s flagship initiatives aimed at combating climate change, focusing on reducing the carbon emissions linked to imported goods. While its goals are ambitious and necessary, the implementation of CBAM reveals several issues in the information flow between producers, exporters, and importers, raising concerns about […]
High Risk of Penalties: Misclassifying Customs Can Cost Millions!
Customs information databases are a vital tool for managing customs duties and ensuring trade compliance. However, incorrect use can lead to severe penalties. This article highlights the risks of non-compliance and emphasizes the importance of specialized customs consultants. Classifying goods in international trade is far from simple. It relies on a complex system of codes […]
Preparing for CBAM: The 2026 Impact of New Emission Taxes in the EU
The European Union (EU) continues to assert its leadership in the fight against climate change by introducing innovative mechanisms aimed at reducing carbon emissions. One of the most relevant tools is the Carbon Border Adjustment Mechanism (CBAM), which aims to tax the carbon emissions linked to imports into the EU. As we approach 2026, when […]
Preparing for the Fourth CBAM Report: A Race Against Time for EU Importers
The European Union has raised the bar in the fight against climate change by introducing the Carbon Border Adjustment Mechanism (CBAM), aimed at reducing carbon emissions linked to imports from outside the EU. However, for EU importers of goods subject to this levy, the challenge is just beginning. By September 30, 2024, they must submit […]
Essential Guide to CBAM Authorization: Avoiding Import Disruptions
The CBAM authorization process is critical for any company aiming to align with new European regulations and prevent disruptions in commercial activities. It’s not only mandatory but also a demonstration of compliance and reliability to international partners. Therefore, a thorough understanding of the steps necessary to obtain authorization can make the difference between success and […]
CBAM: What is the Carbon Footprint of Steel?
In 2023, global steel production was responsible for approximately 7% of all greenhouse gas emissions caused by human activities, making it the largest carbon-emitting manufacturing sector. This industry, crucial to the global economy, primarily uses coal to power the production process, which significantly contributes to CO2 emissions. Currently, the average emissions are about 1.91 tons […]
The 2026 Surprise: Why the CBAM Tax Will Be Higher Than Initially Expected
Starting in 2026, the European Union will introduce taxation under the Carbon Border Adjustment Mechanism (CBAM), an initiative aimed at reducing the carbon emissions associated with imports of products like steel, aluminum, and cement. This mechanism is part of the EU’s efforts to combat climate change and ensure a transition to a green economy. By […]
Changes in CBAM: Revised Requirements for Emissions Reporting and Data Collection from Producers
EU’s Update on CBAM FAQ: How to Obtain Emissions Data from Your Suppliers In a recent move to adapt to current transparency requirements for emissions, the European Union has updated the Frequently Asked Questions (FAQ) regarding the Carbon Border Adjustment Mechanism (CBAM). This update focuses particularly on how companies should obtain emissions data from suppliers […]
CBAM in Practice: Compliance Issues and Future Preparations
The EU Directive on CO2 emissions continues to raise fundamental operational questions within the business community, despite companies already being subject to official reporting obligations. As of October 1, 2023, the world’s first climate import tax—the Carbon Border Adjustment Mechanism (CBAM)—has come into effect. This system imposes tariffs on a range of carbon-intensive products imported […]
CBAM impact discussed at European Commission event
At yesterday’s event on CBAM organized by the European Commission, all attention was on the major changes in the Carbon Border Adjustment Mechanism (CBAM). With an impressive attendance of over 5,000 people, it was clear that the topic remains hot. Impact of CBAM on global trade and regulation CBAM does not target individual countries, but […]