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September 6, 2022
Monday, 26 September 2022 | Counting down to the EU Carbon Border Adjustment Mechanism (9 am BST)
The EU Carbon Border Adjustment Mechanism is a critical element of the European Commission’s Fit for 55 climate package. The EU CBAM will mean change for many businesses with potential impacts on trade flows and supply chains, operations and from a compliance and reporting perspective.
The EU CBAM imposes a levy on imports of products in certain emission-intensive product categories. The latest proposals include a number of amendments including: expansion of products in scope, inclusion of indirect as well as direct embedded emissions, and an accelerated phase out of free allowances under the EU Emission Trading System by 2030, instead of 2035 (see EY Tax Alert dated 23 June 2022 for further details).
The legislation is not yet final, however, is in the final negotiation stages. The first obligations are expected to commence during 2023. The EU CBAM will mean change and we see businesses already preparing for the potential impact on their operations and supply chain. Significant changes are also expected from a compliance and reporting perspective.
Have you already started to evaluate and address the potential impact of CBAM on your business?
During the upcoming webcast, we will discuss the latest developments and potential impacts on EU businesses and business importing into the EU, e.g., from Asia-Pacific. We will also provide a brief outlook on related global developments.
Speakers will include EY professionals from across Europe and Asia, with a focus on Indirect Tax, Global Trade and Law.
If the timing doesn’t work for you, please register and you’ll receive the replay for you to view at your own convenience.
Date: Monday, 26 September 2022
Time: 9:00 – 10:00 BST; 10:00 – 11:00 CEST; 17:00 – 18:00 JST; 3:00 - 4:00 ET
Registration: Register for this event.
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