The EU’s CBAM transition phase begins on 1 October
EU’s CBAM transition phase will provide valuable insight
Training for regional customs authorities and detailed analysis of reporting accuracy will ensure effectiveness of final scheme
Knowledge gained from the transition phase of the EU’s Carbon Border Adjustment Mechanism (CBAM) will be key to ensuring it prevents carbon leakage while ensuring uninhibited trade flows when fully implemented in 2026. The CBAM is designed to ensure that carbon-intensive goods entering the EU are subject to the same price on carbon as that enacted by the EU emissions trading scheme (ETS), which is currently around €80/t CO₂e ($85/t CO₂e). The transitional phase begins on 1 October 2023, with the first reporting period ending on 31 January 2024. The system will be fully implemented from 1 January 2026. Once the permanent system enters into force, importers will need to declare the quantity of
Also in this section
28 March 2025
The massive expansion of the Northern Lights project in Norway is the clearest sign yet that the European oil and gas companies mean business when it comes to CCS
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
