- The European Commission proposed simplifying the Carbon Border Adjustment Mechanism (CBAM).
- 90% of importers will be exempt from CBAM obligations.
- Importers of less than 50 tons of CBAM goods annually will not need to submit reports.
- Emissions monitoring will be simplified using standard values.
- Reporting will focus on emissions from raw material production, not processing steps.
- Importers can appoint external advisors for CBAM declarations.
- The quarterly CBAM certificate purchase obligation will be eased, reducing the coverage requirement from 80% to 50%.
- The eased obligation will take effect in 2027.
Source: pincvision.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
