The EU is leading global efforts to combat climate change through initiatives like the European Green Deal, aiming for a 55% net reduction in greenhouse gas emissions by 2030 and climate neutrality by 2050. The Carbon Border Adjustment Mechanism (CBAM) is a crucial component of this strategy. It addresses the risk of carbon leakage, where companies relocate carbon-intensive production outside the EU to take advantage of less stringent regulations. This mechanism ensures that the EU’s climate efforts remain effective by preventing emissions from shifting outside Europe.
How Dubrink Contributes: Dubrink’s software offers support by providing a comprehensive platform for importers to navigate CBAM regulations. With features like the CBAM identifier, users can quickly determine if their goods fall under CBAM requirements, streamlining compliance and fostering transparency in the import process.