EU Launches Consultation Phase on CBAM Implementing Regulation for Authorized Declarants
The definitive phase of the Carbon Border Adjustment Mechanism (CBAM) begins in January 2026, and the European Commission has unveiled the draft Implementing Regulation outlining the criteria and procedures to obtain the status of an Authorized CBAM Declarant (1). Starting from January 2026, all operators importing goods under the CBAM scope — such as cement,
EUDR: EU Council Agrees to Extend Application Timeline
On 16 October 2024, the Council of the European Union agreed to extend the application timeline for the EU Deforestation Regulation (EUDR). This decision follows the European Commission’s proposal on 2 October 2024, to delay the entry into application of the EUDR by 12 months. The extension aims to provide additional time for companies and
Additional details about the UK CBAM and its onset from January 1, 2027
Following the EU’s lead with the CBAM in October 2023, the UK has initiated its own version, also aiming to achieve its goal of net zero emissions by 2050. The UK announced plans for its CBAM in December 2023, signalling a significant move towards sustainability and carbon pricing. Additional information regarding the planned implementation of
It’s a wrap! CBAM Roundtables at our PwC Liege, Antwerp and Brussels Campuses on the topic of ‘CBAM: Transitional period – Lessons learnt from the first reporting’.
The events were attended by our clients and companies in scope of CBAM, the industry’s federation members, the officials from the Belgian Customs Authority as well as the members from the National Competent Authority for CBAM in Belgium, the FPS Public Health. We thank all the participants for their valuable insights and sharing their experiences
CBAM Registry’s Technical Issues: EU Addresses Concerns in Last-Minute Press Release
The European Commission has taken action regarding the technical issues affecting the submission of data for the EU Carbon Border Adjustment Mechanism (CBAM) and the Import Control System 2 (ICS2). These problems have arisen from a technical fault impacting several EU customs systems, including the CBAM Transitional Registry. In response, systems updates have been made
CBAM – Calculation methods for the embedded emissions
The specific embedded emissions of goods produced in an installation are determined according to one of the following methods (Article 4(1) CBAM Implementing Regulation): a determination of the emissions from the source streams based on activity data obtained from laboratory analyses or standard values using measurement systems and calculation factors; or a determination of the
Countdown Alert! The 1st CBAM Report deadline is less than 20 days away
Take a moment to assess your organisation’s reporting readiness! – Ensure which (all) of your entities need to report before the deadline. – Verify that you have access to the EU CBAM Reporting (CBAM Transitional Registry) for all of your reporting entities and the person(s) responsible. – Manage a base-level data for reporting so you
Default Values for the Transitional Period of the EU CBAM published
Good news! We have an early Christmas present from the Commission. On 22 December 2023, the EU Commission published the long awaited Default Values for the Transitional Period of the EU CBAM between 1 October 2023 and 31 December 2025. Do note that for each import of goods for which the reporting declarant does not
