CBAM Implementation Regulation has been published

The European Union aims to prevent carbon leakage in imports to its countries with the application developed within the scope of the carbon neutrality target.

18.8.2023

Summary Information:


· The first reporting within the scope of CBAM will be made by January 31, 2024.

· The European Commission has published the rules for reporting activities that will be mandatory within the scope of the Carbon Border Adjustment Mechanism (CBAM).

· The published Implementing Regulation contains details of the methodology that must be followed in calculating and reporting the emissions arising from the importation and production processes of products within the scope of CBAM to European Union (EU) countries.

· It was emphasized that thanks to this regulation published in the Commission's statement, time will be provided for businesses exporting to EU countries to prepare for the preparation process, and for importing companies to develop information technology tools that will carry out calculations and reporting until the final methodology is completed.

· With the published guide, importer companies in EU countries will be required to prepare and submit their first reports by January 31, 2024, including data for the last quarter of 2023.

· In this reporting process, importers will also be obliged to report the direct emissions arising from the production processes of the products they import, expressed as carbon dioxide (CO2) per ton, and the indirect emissions resulting from electricity consumption in the production process.

· Reporting will also need to include information such as the countries of origin of the products, the geographical coordinates of the facilities where they are produced and the main emission sources.

· CBAM will initially cover the indirect emissions of some products, including the most carbon-intensive sectors such as iron and steel, cement, fertilizer, aluminium, electricity and hydrogen, as well as products such as screws and bolts, and will come into force on January 1, 2026.


Attachments:

Click HERE to access the Turkish translation of the CBAM Implementation Regulation.

Click HERE to access the CBAM guide prepared for authorized importer companies.

Click HERE to access the Excel table that will be used by companies to facilitate CBAM reporting.

Click HERE to access the guide prepared for our companies that export products within the scope of CBAM