How should importers prepare for CBAM reporting during the transitional period?
Importers should:
- Note that CBAM covers their imports. Tip: Use this free CBAM Identifier
- Request emissions data from suppliers that are in line with CBAM methodology. Tip: Check the Dubrink platform, which helps companies to request, validate, and store emission data
- Submit CBAM reports quarterly to the European Commission, declaring emissions embedded in imported goods.
- Ensure data accuracy and consider voluntary verification for better quality data.
- Update reports if better data becomes available before the deadline.