What Is CBAM and Who Does It Affect?
A plain-language explanation of what CBAM is and who it affects.
What Is CBAM and Who Does It Affect?
CBAM, the EU Carbon Border Adjustment Mechanism under Regulation (EU) 2023/956, puts a carbon price on the embedded emissions of certain imports into the EU. It covers iron & steel, aluminium, cement, fertilisers, hydrogen and electricity. Social Lab explains how it affects exporters and importers of these goods.
Your end-to-end CBAM compliance partner
Collection and calculation of CBAM emissions data, and preparation of quarterly and annual CBAM reports in line with EU requirements.
Assessment of CBAM costs based on embedded emissions and EU carbon prices, and identification of emission reduction opportunities to minimize future carbon costs.
Preparation of documentation required for CBAM verification, and coordination and support during third-party verification and annual compliance.
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What Is CBAM and Who Does It Affect? — questions we get
What is CBAM in one line?
An EU mechanism that puts a carbon price on the embedded emissions of certain imported goods.
What does it cover?
Iron & steel, aluminium, cement, fertilisers, hydrogen and electricity, identified by CN code.
Who does it affect?
EU importers, who report, and their non-EU suppliers, who provide the emissions data.
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