Understanding the Authorised CBAM Declarant System: A Guide to the Draft Legislation
As the European Union strengthens its commitment to environmental sustainability, the introduction of the Carbon Border Adjustment Mechanism (CBAM) marks a significant step in regulating carbon emissions linked to imports. This mechanism will require importers of certain goods to become authorised CBAM declarants, ensuring they comply with specific climate regulations.
In this blog entry, we will explore how the authorised CBAM declarant system will function by summarising the draft legislation, which is divided into six key chapters.