Carbon Border Adjustment Mechanism (CBAM) Overview

26.01.2024
0126-Carbon-2-jpg.webp

Carbon Border Adjustment Mechanism (CBAM) 

If you are an importer of Carbon Border Adjustment Mechanism (CBAM) goods, i.e. carbon-intensive goods (iron, steel, aluminium, cement, fertilisers, hydrogen, or electricity) that are produced outside the EU, these will be subject to a carbon charge on import under the new CBAM legislation. The transitional period commenced on 1st October 2023 and consequently, importers of CBAM goods are obliged to register on the CBAM Transitional Registry and prepare to file quarterly reports of CBAM imports from January 2024.

 

The first CBAM report is due by the end of January 2024 and relates to CBAM imports from 1st October 2023 to 31 December 2023.

 

Further Information

CBAM in summary

CBAM in more detail

 

The CBAM National Competent Authority 

(Environmental Protection Agency) at cbam@epa.ie

(For general implementation queries)

 

The CBAM Customs Authority 

importpolicy@revenue.ie 

(For customs-related queries including access to the transitional registry).

 

Who needs to register on the Transitional Registry as the “reporting declarant”?

 

The “reporting declarant” is the entity which is responsible for the reporting of embedded emissions of imported goods. In principle, the reporting declarant is the “importer”, however, in practice, there are different options depending on the person lodging the customs  declaration. In line with the options provided under the Union Customs Code (UCC), the reporting declarant can be either:

 

 

 

 

 

 

You may also be interested in the following article:

National Fertiliser Database Update

 

Categories:

AgriArticlesCEO's OpinionDistributionEngineeringFood and Drink BusinessHRMKioskManagement TipsManufacturingMobilityOur ModulesProductQuarryShowTestimonialUncategorized