FAQ: The Carbon Border Adjustment Mechanism (CBAM)
These article is by Ricardo, who put a sustainable future in reach by creating innovative services that are at the intersection of transport, energy and environmental agendas across the globe.
These frequently asked questions will help you to understand the carbon border adjustment mechanism (CBAM), how it will affect your organization both now and in the coming years, and the actions you need to take to prepare.
Questions Covered in the Article:
What is the Carbon Border Adjustment Mechanism (CBAM)?
How is the CBAM different to the EU Emissions Trading Scheme (ETS)?
What sectors are covered in the scope of CBAM?
What is the timeline for CBAM?
How is the CBAM different to the EU Emissions Trading Scheme (ETS)?
As an importer, how do I calculate my emissions data for CBAM with primary or default values?
What information do operators need to monitor?
Are there any exemptions from CBAM?
Are there similar or aligned regulations in other parts of the world?
What’s likely to happen next with CBAM?
What opportunities can CBAM bring to my organisation?
Ready to start your carbon reporting journey?