OUR SERVICE
CBAM REPORTING
CBAM REPORTING
Effective May 16, 2023, the Carbon Border Adjustment Mechanism (CBAM) requires importers to pay a carbon price equivalent to the cost of EU-based companies under the EU Emissions Trading System (EU ETS) for the carbon emissions associated with producing certain imported goods.
CBAM aims to encourage global climate action by preventing carbon leakage (where production moves to regions with less stringent climate regulations).
- Non-EU producers and EU-based importers in emissions-heavy sectors like iron and steel, aluminum, cement, fertilizers, hydrogen, and electricity are impacted under CBAM.
- GO2 Markets guides corporations in preparation for CBAM, from educating affected companies to conducting embedded emission calculations and compiling reports.
- Post-submission, we provide continuous monitoring and support to ensure compliance and address any updated CBAM requirements or regulatory environment changes.
