On 1st October 2023, the European Union introduced the Carbon Border Adjustment Mechanism (CBAM).
The aim of CBAM is to establish an internal ‘cost’ to the EU’s embedded carbon in the production of certain energy intensive products. This, in-turn enables a suitable levy to be placed against goods imported from outside the EU, thereby ensuring an equal cost comparison on products and to reduce what the EU calls ‘Carbon Leakage’.
- Phase 1 currently requires reporting for six sectors; Cement, Aluminium, Fertiliser, Iron & Steel, Hydrogen and Electricity
- Phase 2 will be introduced in 2026 and will include tariff charges
- The UK government has also advised that it will be introducing its own version of CBAM in 2027
Rachel Stockton, International Trade Compliance Specialist at International Trade Matters, will share her expertise on the subject and discuss how it may affect you now and in the future.
Thursday 3rd October, 3pm-4pm ONLINE
This webinar is FREE to attend for NDMA member businesses.
Bookings
Bookings are closed for this event.