CBAM and EU traditional own resources

It is interesting to underline that the CBAM is actualy an EU own traditional resourse. It implies that the authorized importer has to implement internally any system of control and management able to avoid any infringement to the EU directive on financial interest n.2017/1371. In other words, the importer has to develop controls and monitoring based on the AEO/trade compliance approach.

The EU (in “The next generation of EU own resources: Questions and Answers”) stated that: “…The carbon border adjustment mechanism (CBAM) will ensure that products imported from outside the EU incur costs for their CO2 emissions aligned with EU products that are currently subject to the EU Emissions Trading System. Importers will need to acquire a sufficient amount of certificates to cover the embedded emissions of their imported goods. This means imported goods should be priced, as if they had been produced in the EU. In case those goods have paid a carbon price at the origin, this will be deducted to avoid double cost. Such a mechanism promotes cleaner industries in non-EU countries, encourages third countries to introduce carbon pricing measures and ensures fairness for EU companies…”.