CBAM impacts not only importers but also every aspect of the steel value chain. Whether you're involved in production, distribution or manufacturing, understanding the impact of CBAM is key to business planning.
CBAM is the European Union's proactive measure to combat carbon leakage and prevent emissions from increasing outside of the EU. By applying CBAM to a range of products, including iron and steel, the EU aims to align the prices of goods sold in the EU with their actual carbon content. This will not only ensure fair competition in the EU internal market, but will also incentivize third countries, foreign manufacturers and importers in the EU to reduce their carbon emissions.
Scope: The impact of CBAM covers a wide range of products, including certain iron and steel products. It is important for stakeholders in the steel value chain to understand the list of CBAM goods.
Transition period: The webinar will provide critical insights into navigating the transition period initiated by CBAM, ensuring that every actor in the steel value chain can adapt effortlessly.
Cooperation: Recognizing that CBAM obligations apply to all importers of CBAM goods, the entire value chain is encouraged to work together to reduce emissions, both within and outside the EU internal market.