Feedback period: 13 June 2023 – 11 July 2023 (midnight Brussels time)
The Commission would like to hear your views.
This draft act is open for feedback for 4 weeks. Feedback will be taken into account for finalising this initiative. Feedback received will be published on this site and therefore must adhere to the feedback rules.
The European Commission published today a first call for feedback on the rules governing the implementation of the Carbon Border Adjustment Mechanism (CBAM) during its transitional phase, which starts on 1 October of this year and runs until the end of 2025.
During the first year of implementation, companies will have the choice of reporting in three ways:
- (a) full reporting according to the new methodology (EU method);
- (b) reporting based on equivalent third country national systems; and
- (c) reporting based on reference values.
Source ec.europa.eu
See also
- Final regulations published for new EU CBAM and EU Emission Trading System revisions; CBAM transition period begins 1 October 2023
- PwC Webinar – Recorded version & slide deck – Carbon reduction – Are you ready for CBAM?
- All newsitems on ”CBAM” on www.vatupdate.com
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