environmental law & climate change

As noted in our previous article on this topic, the CBAM is a new carbon tariff instrument introduced as part of the EU's Fit for 55 package, a strategy to reduce the EU's greenhouse gas emissions by at least 55 % by 2030. The CBAM applies to imports into the EU of certain products and is based on the emissions generated in their production outside of the EU. Currently, in the transitional phase of the CBAM, importers only have the obligation to report on the amount of emissions embedded in the products they import, but from 2026 onwards they will also be obliged to buy and surrender CBAM certificates to cover for these emissions. Therefore, under the CBAM, non-EU producers will not only have to assist their EU partners in the reporting process, but also potentially face significant impacts on their businesses as a result of the new financial burdens importers will encounter.

Die Kraftstoffverordnung 2012 (KVO 2012) unterwirft Personen, die fossile Kraftstoffe für den Straßenverkehr in Verkehr bringen, einer Substitutions- und Treibhausgas-Minderungspflicht. Am 1. Jänner 2024 trat mit einer Neufassung des § 11 KVO eine Bestimmung in Kraft, die der Dekarbonisierung des Verkehrssektors und dem Ausbau der E-Mobilität zusätzlichen Schub verleihen soll.

15-16.05.2024 | Sofia, Bulgaria

What is the CBAM?

The EU Carbon Border Adjustment Mechanism (the "CBAM") was established by the CBAM Regulation (EU) 2023/956 (the "CBAM Regulation"), which came into force in May 2023. It is a carbon tariff system introduced as part of the EU's goal to reduce greenhouse emissions by at least 55 % by 2030.