Understanding Carbon Border Adjustment Mechanism

Wednesday 07 Aug 2024 | 09:30 - 10:30

Location icon.

Location

Online Event

Cost icon.

Cost

  • Member Rate: Free
  • Non Member Rate: Free

About this event

This event is now fully booked.  If you were interested in attending, we are taking bookings for another webinar on 21st August.

Understanding the Carbon Border Adjustment Mechanism
 
The EU’s Carbon Border Adjustment Mechanism (CBAM) came into force in October 2023, with EU importers now obligated to report on the specific embedded emissions of certain goods. If the goods you export to the EU fall under the scope of CBAM, your customers will be expecting this emissions data from you, and complying with reporting standards will require a comprehensive understanding of emissions produced in your supply chain and in your own production processes. As CBAM moves from its current transition period to the definitive period beginning January 2026, greater emphasis will be applied on a product’s embedded emissions from a commercial perspective, as a carbon price will need to be paid in order to offset these emissions.
 
Coupled with the UK’s proposed CBAM coming into full force in 2027, covering the import of certain products, it is crucial companies gain a full understanding of the embedded emissions within their supply chains.
 
Even if the products you export or import do not currently fall under the EU CBAM or proposed UK CBAM, their scope is expected to widen to cover more sectors in the future, so this may be the opportunity to gain a valuable understanding of what to prepare for!
 
Chamber member Munminder Gill from Auditel, the UK’s leading carbon, energy and cost consultancy, and his colleague Paul Harper will be delivering this webinar on CBAM and its implications to UK exporters.
 
The webinar will cover:
  1. An introduction to carbon; its terminology and market forces
  2. An overview of the EU’s CBAM regulation; background, scope, terminology and approach
  3. What this means to UK exporters, and the opportunities presented
  4. A brief look at the proposed UK CBAM for UK importers

For more information please email training@blackcountrychamber.co.uk