CBAM Consultancy Package
Background
The European Union’s Carbon Border Adjustment Mechanism (CBAM) came into force in 2023.
It applies to European importers of products in the following categories: Cement, Iron & Steel, Aluminium, Fertiliser and Hydrogen.
When importing, the EU importer of record is now legally responsible for providing information to the EU about the Carbon Impact of their imported products.
The problem
UK exporters have a commercial responsibility to provide accurate carbon emissions data to their EU importers to facilitate compliance with the EU CBAM regulations.
From July 2024, EU importers are required to use actual emissions data wherever possible, replacing default values. UK exporters must ensure that they can provide this data accurately, including both direct and indirect emissions, to meet these requirements.
It’s crucial to act now to prepare for these changes, ensuring your business can continue to trade smoothly with EU partners under the CBAM framework. Failure to provide this information could result in penalties or loss of business.
The solution
ChamberCustoms offers a consultancy package where one of our experts will assist you every step of the way:
One of our experts will visit your premises.
They will work with your team to understand your production processes, the carbon impact of each process and how this can be apportioned to the products you process.
The result will be a CBAM monitoring and reporting approach that you will be able to implement to provide your customers with accurate and precise information.
Benefits
Provide your EU customers with the information they need to be compliant.
Reduce the hassle for your EU customers when importing UK products.
Identify areas to improve your emissions, making your product cheaper to import into the EU.
Prepare to be compliant with the upcoming UK CBAM legislation.
Who are we
ChamberCustoms is wholly owned by the British Chamber of Commerce.
Our consultants are experienced in all aspects of compliance in international trade.
We harness the reach, expertise and knowledge of a network of experts in 52 Chambers across the country.
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