Adjustment mechanism in border carbon
Last October 1, 2023 entered into force on Carbon Border Adjustment Mechanism (CBAM), approved by council Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 may 2023. This mechanism is set up as a new own resource of the European Union and is a consequence of the modification of the existing trade regime of emission rights, which leads to a reduction, and, in his case, a deletion of the allocations of free allowances, as well as the enlargement of the affected sectors.
The objective of this mechanism is to avoid potential leakage of carbon as a result of the reorganisation of supply chains at the international level and, in principle, affect certain sectors, in particular, cement, fertilizers, electricity, hydrogen, steel and cast iron metal and aluminum.
Given the complexity of this figure, which means to know and to declare the emissions implied in the products AQTF imported into the EU from October 1, 2023, the community legislator has chosen to set a transitional regime, which affects only the fulfilment of formal requirements, and a definitive regime, in which are kept the formal requirements and are introduced in addition to obligations of a financial nature.
From bln palao abogados and in collaboration with our partners environmental experts, we design a project to fit the needs of our customers, with the aim of helping them in fulfilling their obligations both in the period of transition as in the period definitive.
To that end, we analyze the supply chain impacted by the MAFC and we designed a process of efficient work of face-to quantify the emissions implied of products to import, with special emphasis on the correct classification of the products AQTF and the determination of their origin, which allows you to redesign the supply chain and implement structures possible customs, with a view to mitigate the financial impact from 1 January 2026.
Last October 1, 2023 entered into force on Carbon Border Adjustment Mechanism (CBAM), approved by council Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 may 2023. This mechanism is set up as a new own resource of the European Union and is a consequence of the modification of the existing trade regime of emission rights, which leads to a reduction, and, in his case, a deletion of the allocations of free allowances, as well as the enlargement of the affected sectors.
The objective of this mechanism is to avoid potential leakage of carbon as a result of the reorganisation of supply chains at the international level and, in principle, affect certain sectors, in particular, cement, fertilizers, electricity, hydrogen, steel and cast iron metal and aluminum.
Given the complexity of this figure, which means to know and to declare the emissions implied in the products AQTF imported into the EU from October 1, 2023, the community legislator has chosen to set a transitional regime, which affects only the fulfilment of formal requirements, and a definitive regime, in which are kept the formal requirements and are introduced in addition to obligations of a financial nature.
From bln palao abogados and in collaboration with our partners environmental experts, we design a project to fit the needs of our customers, with the aim of helping them in fulfilling their obligations both in the period of transition as in the period definitive.
To that end, we analyze the supply chain impacted by the MAFC and we designed a process of efficient work of face-to quantify the emissions implied of products to import, with special emphasis on the correct classification of the products AQTF and the determination of their origin, which allows you to redesign the supply chain and implement structures possible customs, with a view to mitigate the financial impact from 1 January 2026.
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