Date: Thursday 31st October 2024
Time: 09:30-12:30
Location: Online
The aim of this masterclass is to demystify the Carbon Border Adjustment Mechanism and provide UK businesses with a clear understanding of how to navigate compliance and create a competitive advantage.
The EU’s Carbon Border Adjustment Mechanism (CBAM) came into force in October 2023, with EU importers now obligated to report on the specific embedded emissions of certain goods. If the goods exported to the EU fall under the scope of CBAM, EU customers will be expecting this emissions data from their non-EU suppliers, and complying with reporting standards will require a comprehensive understanding of emissions produced in the supply chain and in the supplier’s own production processes. As CBAM moves from its current transition period to the definitive period beginning January 2026, greater emphasis will be applied on a product’s embedded emissions from a commercial perspective, as a carbon price will need to be paid to offset these emissions.
Coupled with the UK’s proposed CBAM coming into full force in 2027, covering the import of certain products, it is crucial companies gain a full understanding of the embedded emissions within their supply chains.
Even if the products exported or imported do not currently fall under the EU CBAM or proposed UK CBAM, their scope is expected to widen to cover more sectors in the future, so this may be the opportunity to gain a valuable understanding of what to prepare for.
Join us as we embark on a journey towards a more sustainable future
Agenda – Overview
Section 1: An introduction to the general topic of carbon management and accounting, introducing basic terminology and concepts to provide clarity on the broader subject before applying these concepts to CBAM.
Section 2: The EU CBAM, topics covered will include its background, scope and timeline, key players and terminology, the methodology required to calculate emissions and how these will need to be provided, and how to capitalise on the opportunity presented by the regulation.
Section 3: The UK CBAM, covering the current state of the UK’s version of CBAM, its proposed outline scope, timeline, methodology and requirements.
Masterclass – Objectives
· You will come away from the webinar with a good understanding of both EU and UK CBAM regulations, as well as broader knowledge of carbon accounting and net zero.
· You will be equipped to speak with some authority on the CBAM requirements and make informed decisions about how to proceed with tackling their current commercial pressures from their EU customers and help prepare them for the UK CBAM, thereby supporting business competitiveness and growth.
The masterclass is free and available online only to organisations based in the West Midlands.
Auditel is a successful, and one of the longest established, carbon solutions organisation in the UK, with over 100 experienced carbon and procurement consultants. We have helped hundreds of organisations throughout the UK and Ireland to measure their operational carbon footprints and then guide them towards alternatives to reduce their carbon footprint whilst also reducing operating costs.
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