The countdown for the phase of CBAM is going ahead: from July 2024 it is not possible make CBAM reporting with default value. Indeed, as EU Commission explained: “… During the three first quarterly reports (Q4 of 2023 and Q1&2 of 2024), declarants may report embedded emission based on default values made available and published by the European Commission without quantitative limit; From Q3 of 2024 and until the end of 2025, declarants can still report emissions based on estimations but only for complex goods and with a limit of 20% of the total embedded emissions. Using default values would qualify as ‘estimation’….”. It is interesting to recall that CBAM…