This section explains the revision of the European Emissions Trading Scheme (EU-ETS) and the introduction of the Carbon Border Adjustment Mechanism (CBAM).

The Carbon Border Adjustment Mechanism (CBAM) is scheduled to be fully introduced towards 2026, and the range of product groups covered is expected to expand. To help customers respond appropriately to this change, we will provide commentary on CBAM.

In August, the second in the series of CBAM webinars will focus on the practical implementation of the CBAM. The second in a series of webinars explaining CBAM will be held in August.

What is CBAM: In the EU, the draft Carbon Border Adjustment Mechanism (CBAM) Regulation was published in July 2021 as part of the ‘Fit for 55’ policy package of the ‘European Green Deal’ and comes into force in May 2023.CBAM is based on the European Emissions Trading Scheme (EU – ETS) and A transitional period for reporting obligations on covered entities began in October 2023 and will be fully applied from 2026. The number of products subject to this system is expected to increase in the future, which may have a greater impact on Japanese companies.

This is essential if you export products to Europe, have a base in Europe or are interested in decarbonisation-related regulations, and will look at the overall picture of EU environmental and economic policy, an overview of the European Emissions Trading Scheme (EU-ETS) and its revisions, and an overview of the Carbon Border Adjustment Mechanism (CBAM) and its introduction. .