What is CBAM?
According to CBAM regulation (Regulation (EU) 2023/956), it is determined which product groups are affected.
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Steel
CBAM will be implemented over two periods.
Transition Phase
01. October 2023 - 31. December 2025
Reporting obligation
Penalties for false or incorrect reports of €10-50/tCO2
Quarterly report upload
Deadline for follow-up of the first 3 reports (Q4-2023, Q1-2024, Q2-2024) until 31 July 2024
Use of default values only permitted up to the Q2-2024 report
From the Q3-2024 report onwards, the new EU method or equivalent methods for calculating emissions are permitted
From 1 January 2025, only the new EU method is approved for calculating emissions
Pricing Phase
from 01. January 2026
Purchasing CBAM Certificates
The certificate price is based on the EU ETS CO2-Price
Certificates for at least 80% of the imported CO2-Quantity must be held by the company
Annual report upload