On February 26, the European Commission presented a proposal for the
legislation to optimize the Border Carbon Adjustment Mechanism.
(CBAM), as part of the first sustainability omnibus package. The objective is to
to reduce the administrative burden on importers and improve enforcement.
of the mechanism.
The proposal introduces two types of simplifications:
- Exemption for small
importers
Importers of small quantities of CBAM products, most of which are
SMEs and individuals would be exempt from the obligations of the mechanism.
Given that their implied emissions represent a tiny fraction of the
the total administrative burden of complying with the CBAM far exceeds
environmental and regulatory benefits.
- Facilities for
importers subject to CBAM
For importers above the application threshold, the following are proposed
improvements in the compliance process. These include simplifying the
authorization of declarants, the collection of data from producers of
the calculation of implied emissions, the standards for the
verification and determination of financial responsibility. Also
the process for claiming compensation for the price of oil is expedited.
carbon paid in the countries of origin of the goods.
This initiative seeks to make the CBAM a more effective mechanism for
and equitable, facilitating their implementation without compromising their
effectiveness in reducing carbon emissions.
