The Carbon Border Adjustment Mechanism (CBAM) is a key environmental policy adopted by the European Union to address the risk of carbon leakage outside its borders.
The CBAM impacts:
The CBAM will be implemented in 2 phases:
An importer must submit a report/communication to the European Commission detailing the greenhouse gas emissions embedded in the imported goods. During the definitive period, the importer, qualified as CBAM declarant, must purchase CBAM certificates corresponding to the embedded emissions at the price that would have been paid if the goods had been produced in Europe.
The operator (exporter), who operates installations outside the EU, must report the greenhouse gas emissions embedded in the goods exported to the EU to the importer/CBAM declarant.
RINA verifies that the embedded emissions of the goods listed in Annex I of the CBAM Regulation are in compliance with the CBAM Regulation.
The importer and the operator (exporter) benefit from being prepared for the definitive period starting in 2026. Additionally, the operator obtains a passport for exporting CBAM goods to the EU market.
RINA has obtained numerous accreditations and recognitions, including: ACCREDIA accreditation for EU ETS, MRV, ISO 14064-1, ISO 14067 and the Systematic Approach to ISO 14067. We are recognized by the UNFCCC for CDM/JI, by VERRA for the VCS program, by the Gold Standard Foundation for Gold Standard for Global Goals (GS4GG), by the Brazilian NGO Ecological Institute (EI) for the Social Carbon Standard, and by the Climate Community & Biodiversity (CCB) Alliance for project validation and verification.
The verification process consists of the following steps:
The Carbon Border Adjustment Mechanism (CBAM) is a policy implemented by the European Union to address the risk of "carbon leakage". This refers to the transfer of production, and therefore emissions, outside the EU's borders due to the EU's stricter climate policies. The CBAM Regulation, officially known as Regulation (EU) 2023/956, sets out the provisions and mechanisms for implementing the CBAM. Its goal is to create a level playing field for industries subject to the CBAM by preventing unfair competition and ensuring that imports are subject to the same environmental standards as EU operators. This regulation is part of the EU's efforts to achieve climate neutrality by 2050.