The Carbon Border Adjustment Mechanism (CBAM), or carbon adjustment at the European external border, is a new instrument introduced by the European Commission as part of the drive towards a low-carbon economy. The CBAM will come into effect on October 1st, 2023. CBAM has a reporting obligation for importers of CBAM goods during the transition period that starts on October 1, 2023.
The report is submitted to the European Commission once per quarter. We can assist you with this reporting obligation.