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CBAM IT System OverviewCBAM Expert Group Meeting June 2023CBAM Deployment Phases CBAM Phase 1: Transitional Period from the 4th quarter of 2023 until 31st December 2024 covering the CBAM Reports; CBAM Phase 2: Transitional Period augmented with the Authorization of CBAM Declarants and Registration of Operators and Installations from 3rd Countries as from 31 December 2024 until 31st December 2025; CBAM Phase 3: Definitive Period from 1st quarter 2026.CBAM Phased DeploymentCBAM
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The CBAM IT System Overview refers to the framework and technology used to support the implementation of the Carbon Border Adjustment Mechanism (CBAM), which is designed to monitor and manage carbon emissions associated with imported goods.
Importers of goods covered by the CBAM are required to file the CBAM IT System Overview, which includes companies that import goods with significant carbon emissions.
To fill out the CBAM IT System Overview, importers need to provide relevant details about their imported goods, including the carbon emissions associated with production and any other necessary documentation as required by the authorities.
The purpose of the CBAM IT System Overview is to ensure transparency and compliance with carbon emission regulations, enabling authorities to assess the carbon footprint of imported products and potentially impose adjustments based on their emissions levels.
The information required to be reported includes the type and volume of goods imported, the country of origin, the carbon emissions data related to production, and any relevant certifications or supporting documents.
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