Carbon Border Adjustment Mechanism (CBAM) Overview

On 1 October 2023, the European Union’s Carbon Border Adjustment Mechanism (CBAM) entered into application in its transitional phase.

It is the EU’s flagship measure to deal with carbon leakage – the outsourcing of production or supply chains to states where weaker environmental or climate regulations are in place. When fully in place from January 2026 the system will impose charges on goods which originate from sources which do not operate equivalent climate regulations.

This webinar will discuss the key top level requirements for producer companies outside the EU complying with the new rules on their goods exports to the EU from October 2023. Knowledge and having compliance processes in place will be critical for producers of goods in scope of CBAM in protecting their sales to EU customers.

The European Commission have outlined that the EU CBAM will initially apply to imports of certain goods and selected precursors whose production is carbon intensive and at most significant risk of carbon leakage. The Commission have identified the following sectors as initially within scope during the transitional phase of the EU CBAM: iron and steel; aluminium; cement; fertilisers; electricity; hydrogen.

Speaker:

William Bain, Head of Trade Policy, British Chambers of Commerce

William has worked for the last 7 years with a range of companies, from global retailers to SMEs to innovative start-ups, advising on EU exit, the Protocol on Ireland/Northern Ireland, and the UK’s new trade and investment policies.

Previously, William spent over ten years as an academic lawyer specialising in Constitutional and EU law, and 5 and a half years as an MP (Glasgow North East), including roles as Shadow Ministers for Defra, Transport and Scotland and membership of the Business, Innovation and Skills Select Committee.

There will be an opportunity for delegates attending to submit questions prior to the webinar via the zoom sign up link or on the day.