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Are you ready for the CBAM? Some guidelines from EU Commission
From 1 October 2023 are you ready for the EU’s Carbon Border Adjustment Mechanism – CBAM? Please read our analisys of the EU Commissions’s: Guidance document on CBAM implementation for importers of goods into the EU; Guidance document on CBAM implementation for installation operators outside the EU. The “Guidance document on CBAM implementation for importers of goods into the EU” establishes that the Carbon Border Adjustment Mechanism (CBAM) is an environmental policy instrument designed to support the EU climate ambitions of achieving a net reduction of greenhouse gas (GHG) emissions of at least 55% by 2030 and of reaching climate neutrality by 2050 at the latest. As already explained by…
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Il fair trade: tra WTO e commercio equo e solidale
Il commercio equo e solidale (fair trade) nasce per: Sostenere lo sviluppo dei paesi in via di sviluppo; Promuovere lo sviluppo sostenibile. Si basa sulle seguenti fonti non vincolanti: – il concetto del riconoscimento del prezzo equo ai produttori da definire-secondo la comunicazione della Commissione europea COM (1999) 619, Bruxelles, 29 ottobre 1999 – come “…una congrua remunerazione del lavoro apportato, della competenza, delle risorse a cui va aggiunta una giusta quota del profitto globale…”. – carta Italiana dei Criteri del Commercio Equo e Solidale statuisce che: “…Il Commercio Equo e Solidale è un approccio alternativo al commercio convenzionale; esso promuove giustizia sociale ed economica, sviluppo sostenibile, rispetto per le…
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Critical raw materials and FTA EU, Australia
Don Farrell ( Australia’s Trade Minister) has included easier access to the country’s vast critical raw materials (CRM) sector as part of negotiations over a free trade agreement (FTA) with the European Union ahead of possible further talks. Indeed, as EURACTIV reported, this is one of the main point on which the negotiations are still open: “…For example, the EU would like to have access to Australian raw materials under the same conditions as Australian consumers. It wants Australia to commit to a policy that would prohibit so-called double pricing that disadvantages EU companies compared to Australian ones…”. This situasion is generated by the fact that Australia plays (and will…
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Confindustria MOG 231 e ozono: compliance
Le linee Guida di Confindustria sulla costruzione dei Modelli di Organizzazione, Gestione e Controllo (edizione 2021): prevedono che il MOG (modello organizzazione e gestione) richiesto dal Decreto legislativo n.231/2021 si estende anche alla “Gestione delle sostanze lesive dell’ozono” (articolo 3 legge 549/1993); Suggeriscono di stabilire modalità e criteri per: il censimento degli asset contenenti sostanze lesive dell’ozono e la definizione del relativo piano dei controlli manutentivi e/o di cessazione dell’utilizzo e dismissione dell’asset, secondo quanto previsto dalla normativa vigente; le verifiche periodiche di rispetto del piano ed attivazione di azioni risolutive in caso di mancato rispetto. La gestione dei beni contenti sostanze che danneggiano l’ozono (frigoriferi, condizionatori, ecc) riguarda sia…
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CBAM, fiscal nature and Polish annulment
The Polish Government intends to request an annulment of the regulation establishing a carbon border adjustment mechanism (CBAM Regulation) because of, in its opinion, the CBAM is primarily fiscal in nature and therefore demand a unanimous vote to pass. For more details: Polish government; CBAM
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CBAM transitional registry
The regulation draft C(2023) 5512 final “…laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards reporting obligations for the purposes of the carbon border adjustment mechanism during the transitional period…”clarifies that the CBAM Transitional Registry will consist of the following common components: (a) the CBAM Trader Portal (CBAM TP); (b) the CBAM Competent Authorities Portal (CBAM CAP) with two segregated spaces: (1) one for the National Competent Authorities (CBAM CAP/N) and; (2) another for the Commission (CBAM CAP/C); (c) the CBAM User Access Management; (d) the CBAM Registry Back End Services (CBAM BE); (e) the public CBAM page…
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CBAM, sanctions and AEO
The regulation draft C(2023) 5512 final “…laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards reporting obligations for the purposes of the carbon border adjustment mechanism during the transitional period…” provides with the regulations for sanctions related to CBAM transitional register regulation. In particular, it lays down that “member States shall apply penalties in the following cases: (a) where the reporting declarant has not taken the necessary steps to comply with the obligation to submit a CBAM report, or (b) where the CBAM report is incorrect or incomplete in accordance with Article 13, and the reporting declarant has…
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CBAM transitional registry submission: timeline of obligations for reporting declarant
The regulation draft C(2023) 5512 final “…laying down the rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards reporting obligations for the purposes of the carbon border adjustment mechanism during the transitional period…” in its article n.8 lays down that For each quarter from 1 October 2023 until 31 December 2025 the reporting declarant has to submit the CBAM reports to the CBAM Transitional Registry no later than one month after the end of that quarter; In the CBAM Transitional Registry the reporting declarant has to provide information and indicate, whether: (a) the CBAM report is submitted by an importer in…
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CBAM, inwards processing and reporting declarant
For the goods placed under inward processing relief (IPR) and subsequently released for free circulation either as the same goods or as processed products, the reporting declarant submits in the CBAM reports the following data: quantity of goods; embedded emissions; coutry of origin; quantity of goods under IPR These data are, partially, covered by the AEO self assessment questionnaire.
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CBAM and calculation of embedded emissions: how to do it
The regulation draft about the management of the CBAM reporting obligations, lays down that the reporting declarant , for the calculation of embedded emissions, has to followo up one of the two methods: a) determining emissions from source streams on the basis of activity data obtained by means of measurement systems and calculation factors from laboratory analyses or standard values; (b) determining emissions from emission sources by means of continuous measurement of the concentration of the relevant greenhouse gas in the flue gas and of the flue gas flow. The tasks of the reporting declarant are part of the trade compliance on which relies the reliability of the AEO companies.