The Carbon Border Adjustment Mechanism (CBAM) regulation addresses carbon leakage from products, goods, derivatives and certain precursors imported into the European Union. The regulation aims to equalize the carbon cost of imported products with that of domestic products.
CBAM Act come into force on October 1, 2023, will be implemented in two phases – the transitional period, from October 31, 2023, and the permanent system, which enters into force on January 1, 2026.
Taxation period (2026 period)
The EU aims to reach ‘Net zero’ by 2050. Fit for 55 refers to a set of legislative proposals aimed at achieving emission reduction. The EU ETS and CBAM are part of the Fit for 55 policy package. CBAM forces importer to take responsibility for the carbon emissions of their products through the imposition of carbon border tax, with a view to contributing toglobal emissions reduction.
What hardline products need to meet CBAM requirements:
| Product Group | Potential Products | CN Codes (possible, refer to the code when importing the products) |
| Hard goods | Aluminum/Iron/Steel ladder, metal cloths rack, etc | 7616 99 10, 7326 19 90, 7616 99 90 |
| Garden equipment | Metal flower pot, flower pot holder, gardening spatula, hose connectors, etc | 7326 90 98, 7616 99, 7326 90 |
| Furniture | Hammock stand, metal shelves/bracket, office chair metal parts, etc | 7326 90 98, 7326 90, 7307 99 |
| Kitchenware | Steel plate, bowl, etc | 7326 90, 7616 99 90 |
Nowadays, there are still lots of Chinese exporters to the EU market, who are requested to submit the Carbon Emissions Report to the Authorities, but know less about it and solution.
How to comprehensively understand the complex carbon emission data?
How to collect and record carbon data?
How to fill out carbon emission reports in compliance?
How to prevent missing the carbon emission data and what to do if it is missing?
What carbon reduction plans do companies have?
……
Intertek can provide relevant training services, supply chain traceability, greenhouse gas emission data collection, verification, calculation, and reporting services according to CBAM regulatory requirements, to help China's carbon market align with international standards as soon.
Contact Windows
Hotline：0755-2602 0287
[email protected]
About Intertek
Intertek is a leading Total Quality Assurance provider to industries worldwide. Our network of more than 1,000 laboratories and offices and more than 100 countries, delivers innovative and bespoke Assurance, Testing, Inspection and Certification solutions for our customers’ operations and supply chains. Intertek Total Quality Assurance expertise, delivered consistently with precision, pace and passion, enabling our customers to power ahead safely.
粤ICP备08001533号-1
Copyright © 2006-2021 Intertek
