Carbon border adjustment mechanism : information for producers of iron & steel goods that are exported to the EU

The EU CBAM is the EU's landmark tool to put a fair price on the greenhouse gases (GHG) emitted during the production of certain GHG-intensive goods, including iron and steel, entering the EU. It will ensure that the EU's climate objectives are not undermined and encourage cleaner industrial production in non-EU countries. Since 1 October 2023, the EU's Carbon Border Adjustment Mechanism (EU CBAM) applies in its transitional phase. From January 2025 onwards, third-country operators will be able to provide information directly to the European Commission through the operator's portal of the CBAM Registry. Operators may provide information on their installations and the embedded emissions in the produced CBAM goods. Operators may decide if they wish to share such information with EU importers. The objective of this direct reporting is to reduce administrative burden, as data could only be reported once and importers then simply refer to those data. Moreover, the direct reporting allows restricting access to some sensitive data only to the authorities.