CBAM: a practical summary of what you need to take into consideration

The presentation provided by the French Department for Ecology on CBAM gives the occasion to summarize the guidelines of CBAM implementation inside the economic operators. As Andrea Zanon said “…What is clear, however, is that CBAM is a game-changer, and it is very likey to reshape global trade forcing nations to confront the urgent challenges of climate change mitigation and adaptation. As the world adjust to this clean tech influence policies, the stakes have never been higher…” It is a game-changer which should be managed by the economic operators with a customs compliance /AEO approach.

To streamline the regulation about carbon border adjustment mechanism it is possible to say that it requires the economic operator (importer) to be ready to:

1. determine whether imported products currently qualify as CBAM goods. 1. What is the origin of the goods affected by the CBAM regulations (electricity, iron, steel, aluminum,fertilizer,hydrogen, cement); 2. value and volume per shipment of the mentioned goods; 3. producers of the imported goods. 2. What information or data is required regarding the imported CBAM goods, for the calculation of the embedded emissions and in order to meet the reporting requirement;
2. look for which actor in the supply chain can provide the necessary information.
3. Create in the importer organization the team in charge for reporting, keeping of records, storage of information. The company should develop processes and internal audit/control to ensure compliance with CBAM regulation.