{"id":23141,"date":"2024-06-12T13:50:12","date_gmt":"2024-06-12T11:50:12","guid":{"rendered":"https:\/\/www.tandemhse.com\/energy-and-sustainability-consulting\/cbam-reports-and-calculations\/"},"modified":"2024-06-12T13:50:16","modified_gmt":"2024-06-12T11:50:16","slug":"cbam-reports-and-calculations","status":"publish","type":"page","link":"https:\/\/www.tandemhse.com\/en\/energy-and-sustainability-consulting\/cbam-reports-and-calculations\/","title":{"rendered":"CBAM reports and calculations"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"23141\" class=\"elementor elementor-23141 elementor-20524\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-829fe91 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"829fe91\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf239ee\" data-id=\"bf239ee\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51efced elementor-widget elementor-widget-heading\" data-id=\"51efced\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Carbon Border Adjustment Mechanism (CBAM) reporting and calculations<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5920036 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5920036\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e73e5f\" data-id=\"1e73e5f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17f85aa elementor-widget elementor-widget-text-editor\" data-id=\"17f85aa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Carbon Border Adjustment Mechanism (CBAM) is an innovative European Union (EU) measure designed to ensure compliance with carbon emissions regulations by importers of goods. This approach has been established under Regulation (EU) 2023\/956 and 2023\/1773 and is essential to address today&#8217;s environmental and climate challenges.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11e7e40 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11e7e40\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2bcd34\" data-id=\"b2bcd34\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f21f44a elementor-widget__width-initial elementor-widget elementor-widget-toggle\" data-id=\"f21f44a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-2531\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2531\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How does it work?<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2531\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2531\"><p>Importers subject to CBAM must collect information on their imports during the prescribed quarters to be reported in the quarterly report, together with the correspondingly calculated emissions.<\/p>\n<p>Also, from 2026, importers will be required to purchase certificates reflecting the carbon cost they would have paid if the goods had been produced according to EU standards.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-2532\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2532\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Products subject to the Regulation:<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2532\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2532\"><p>The CBAM will initially apply to imports of goods and precursors known for their high carbon intensity and increased risk of carbon leakage, and may gradually expand its scope.<\/p>\n<p>In order to identify the products subject to CBAM, it is necessary to review Annex I of Regulation (EU) 2023\/956 . Thus, during the transitional period, the products affected are cement, iron and steel, aluminium, fertilisers, electricity and hydrogen.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-2533\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2533\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">CBAM Implementation Schedule:<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2533\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2533\"><ul>\n<li>Transitional period (01\/10\/2023 &#8211; 31\/12\/2025): During this period, importers must report greenhouse gas emissions caused by their imports, with no obligation to pay. Quarterly CBAM reports must be submitted. The first report is due by 31\/01\/2024 and the last by 31\/01\/2026.<\/li>\n<li>Definitive Period (01\/01\/2026 &#8211; 2034): In this period, emissions embodied in products subject to CBAM will be addressed through the purchase of CBAM certificates.Similarly, annual returns must be filed.<\/li>\n<\/ul>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-2534\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2534\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Obligations of the declarants:<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2534\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2534\"><p><strong>Transitional period:<\/strong><\/p>\n<ul>\n<li>Transitional registration CBAM<\/li>\n<li>Quarterly report CBAM<\/li>\n<\/ul>\n<p><strong>Final period:<\/strong><\/p>\n<ul>\n<li>CBAM registration<\/li>\n<li>CBAM annual declaration<\/li>\n<li>Sale and Purchase of CBAM Certificates<\/li>\n<li>Delivery of CBAM Certificates<\/li>\n<li>Verification by external body<\/li>\n<\/ul>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<h3 id=\"elementor-tab-title-2535\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2535\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Services offered by Tandem HSE:<\/a>\n\t\t\t\t\t<\/h3>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-2535\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2535\"><p>We offer comprehensive solutions to help your company comply with CBAM regulations and ensure your imports meet EU carbon emissions standards. Our services include:<\/p>\n<ol>\n<li>Expert advice: We provide you with expert advice on how to prepare for the CBAM regulations and how to comply with the requirements.<\/li>\n<li>CBAM platform registration: We provide assistance in registering to the official European Commission platform, designed to facilitate the mandatory documentation steps under the CBAM.<\/li>\n<li>Reporting and Documentation: We prepare detailed reports and documentation required to comply with CBAM obligations.<\/li>\n<li>Monitoring of Regulatory Changes: We keep your company abreast of any changes in CBAM regulations.<\/li>\n<\/ol>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-88e863b elementor-align-center elementor-widget elementor-widget-button\" data-id=\"88e863b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.tandemhse.com\/cbam-lp\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">More information<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Carbon Border Adjustment Mechanism (CBAM) reporting and calculations The Carbon Border Adjustment Mechanism (CBAM) is an innovative European Union (EU) measure designed to ensure compliance with carbon emissions regulations by importers of goods. This approach has been established under Regulation (EU) 2023\/956 and 2023\/1773 and is essential to address today&#8217;s environmental and climate challenges. How [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":20526,"parent":20319,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"sidebar-content","footnotes":""},"class_list":{"0":"post-23141","1":"page","2":"type-page","3":"status-publish","4":"has-post-thumbnail","6":"entry"},"_links":{"self":[{"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/pages\/23141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/comments?post=23141"}],"version-history":[{"count":3,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/pages\/23141\/revisions"}],"predecessor-version":[{"id":23144,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/pages\/23141\/revisions\/23144"}],"up":[{"embeddable":true,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/pages\/20319"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/media\/20526"}],"wp:attachment":[{"href":"https:\/\/www.tandemhse.com\/en\/wp-json\/wp\/v2\/media?parent=23141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}