Climate change is a global problem that needs global solutions.
CBAM is the EU’s answer to the problem of “carbon leakage”.
“Carbon leakage” occurs when companies based in the EU move carbon-intensive production abroad to countries with less strict climate actions, or when EU products get replaced by more carbon-intensive imports.
CBAM Obligations
- Quarterly Emissions Reporting
- Purchase of CBMA Certificate (Carbon Tax)
Scope of Applications
- Aluminium
- Electricity
- Cement
- Iron & Steel
- Hydrogen
- Hydrogen
CBAM Impact
Increased Costs Across:- Imported Goods
- Compliance
- Offshoring
- Capex
- Compliance
- Technology
How Much Goods are Affected by CBAM?
US $45 Billion of CBAM covered goods were exported to Europe from Asia-Pacific in 2022, representing 4 percent of total exports from the region.
— Goldman Sachs
Why is ARTEM Necessary for Everyone Affected by CBAM?
Starting from OCTOBER 2024, THE IMPORTERS MUST SUBMIT THEIR CBAM reports at the customs for each import based on primary data from the installation. starting from MAY 2025, wrong reporting will lead to monetary sanction ranging from EUR10-EUR50 per ton of unreported emission.