On 17 August, the European Commission published the implementing regulation detailing the reporting obligations for companies covered by the Carbon Border Adjustment Mechanism (CBAM).
The transitional phase will begin on 1 October, when companies will have to declare the amount of carbon emitted during the manufacture of their products covered by CBAM. However, they will have until 31 January 2024 to submit data for the last quarter of 2023. Companies will not have to pay for their...