Updating the presentation of actual emissions data in CBAM reports

The "transition phase" to the new CO2 cap adjustment mechanism, or "CBAM" for short, runs from October 2023. Importers of certain high-emitting goods such as steel, iron, aluminium, cement, fertilisers, electricity and hydrogen must submit quarterly goods reports to the CBAM imported from other EU countries in the previous quarter and the CO2 emissions generated during the production of these goods (the basis and method of operation of CBAM can be found in our overview . CBAM reports are used to gather information for the start of the main phase of CBAM: from 2026, the price of reported CO2 emissions will gradually increase. ( Rebekka Ackermann, more at lexology.com)