Starting on 1 October 2023, the globally unprecedented Carbon Border Adjustment Mechanism (CBAM) will enter a transformative phase, making this a pivotal moment for the chemical sector. Since ammonia, fertilizers and hydrogen are part of the CBAM scope, trading companies connected to Europe must proactively adapt to CBAM, aimed at levelling the environmental policy playing field. CBAM mandates importers to procure carbon emission certificates from European Commission sources. Initially, CBAM will roll out sector by sector, with Member States phasing out free allocation to domestic companies within these designated CBAM sectors, bolstering revenues through emission rights sales to the same companies for compliance.
By 2034, all CBAM-covered sectors will have to cover their carbon emissions through sourcing emission credits from the open market. With these regulations advancing their practical implementation, we invite you to join our insightful session, led by Cefic and distinguished external experts. In this session, you will:
- Gain a comprehensive understanding of CBAM’s current state, recent decisions, and upcoming developments
- For importers: Explore practical steps for seamless CBAM implementation and potential organisational and economic implications
- Engage in a dynamic Q&A session, offering supportive transition guidance by voicing your specific needs and queries.
Join us to equip yourself with an in-depth understanding of CBAM’s implications, ensuring your readiness for forthcoming EU requirements. This event is a vital opportunity for the chemical industry to navigate the CBAM transition successfully.