C4T Blog Navigating CBAM Reporting: Simplify Compliance with C4T's CBAM Preparation Report

What is CBAM?The Carbon Border Adjustment Mechanism (CBAM) is a regulatory initiative introduced by the European Commission to tackle climate change and reduce global carbon emissions. It aims to prevent carbon leakage, which happens when companies move production to countries with less strict emission regulations, which can undermine global emission reduction efforts. CBAM aims to create a level playing field by imposing a carbon price on imports of certain goods from outside the EU, ensuring that imported products face the same carbon costs as those produced within the EU.