Subscribe

Steel sector concerns remain post CBAM implementation

The steel sector’s concerns regarding the implementation of the transitional phase of the European Union's Carbon Border Adjustment Mechanism (CBAM) remain intact, one month after its implementation, with many participants saying it puts a wrench in their plans.

“We are in the same position as a month ago; the concerns raised previously have not been addressed. The implications of CBAM on the supply chain and how it impacts business across borders is still mired with confusion,” a steel importer said.

The 2024-2026 transitional phase will see all steel producers, importers and exporters required to report both their direct and indirect emissions.

Read the full article on Opisnet


Share this:

More Insights

Measurement of embedded emissions and compliance with EU CBAM

The Implementing Regulation outlines the procedures for monitoring and calculating the embedded emissions of imported products. The specific rules for calculating these emissions vary depending […]
Read More

Reporting Recommendations and Requirements for the EU CBAM

The CBAM's reporting requirements, introduced through the Implementing Regulation, constitute one of the most extensive sets of greenhouse gas (GHG) emissions reporting requirements ever implemented. […]
Read More

Determining CBAM Compliance: Key Questions For Importers And Businesses

The EU's Carbon Border Adjustment Mechanism (CBAM) introduces new rules and requirements for businesses. To ensure CBAM compliance, importers and businesses must understand the key […]
Read More
1 2 3 13
All Insights

Subscribe to the
WeeklyRed

Stay ahead with our WeeklyRed  - your go-to source for comprehensive, insightful updates on global compliance and voluntary markets as well as renewable energy.
Every Monday, fresh into your inbox.
Subscribe
2024 Redshaw Advisors Ltd. All rights reserved.
crossarrow-right