![]() Startups helping enterprises in India and the world comply with these regulations and make their businesses competitive in the face of such changes, feel free to reach out to brainstorm - happy to share our learnings □ ![]() This proactive approach will not only ensure compliance but also position businesses for success as carbon costs become 'explicit' for enterprises. While CBAM is just the start, businesses must proactively work towards accurately accounting for emissions to comply with the incoming slew of climate-focused regulations. Non-EU businesses must measure and report greenhouse gas emissions accurately to comply with CBAM requirements. □□ĬBAM underscores the need for precise carbon accounting. Non-EU businesses face a significant administrative burden, including assessing and reporting embedded emissions and complying with carbon pricing. The mechanism requires imported goods to bear a carbon price equivalent to EU domestic production, with reporting and certification phases starting in 2023. □ĬBAM involves meticulous tracking of carbon emissions, using a unified method for efficiency and transparency. ![]() Underneath this equalization lurks an opportunity, to position your business better and take advantage of the now explicit carbon costs. ![]() □Īimed at ensuring a level playing field, CBAM equalizes the carbon impact between EU and non-EU producers of carbon-intensive goods. The European Union's Carbon Border Adjustment Mechanism (CBAM) is a game-changer for global industries. ![]()
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