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In response to the growing demand for environmental responsibility and tightening regulations, businesses in the Tees Valley region are invited to take part in a vital training session on the Carbon Border Adjustment Mechanism (CBAM). As the EU strengthens its commitment to tackling climate change, CBAM will have significant implications for both EU importers and UK exporters. Gaining a solid understanding of this mechanism is crucial for businesses looking to stay compliant while ensuring sustainability within their supply chains.

What is CBAM?

The Carbon Border Adjustment Mechanism (CBAM) is designed to ensure that the carbon cost of imported goods is aligned with EU internal carbon pricing. This will directly impact industries that are carbon-intensive, reducing the risk of carbon leakage, where businesses relocate production to countries with laxer environmental regulations. This workshop will introduce attendees to the fundamentals of CBAM, covering its timeline, scope, and its interaction with the EU Emissions Trading System (EU ETS). It will help UK-based exporters, in particular, understand how CBAM could affect their business operations when trading with EU countries.

Key Learning Objectives

This session will cover essential topics to equip businesses with the knowledge to navigate the complexities of CBAM:

Introduction to CBAM: A thorough overview of the CBAM mechanism, its objectives, timeline, and scope.

Interaction with EU ETS: Insights into how CBAM fits with the EU ETS and its impact on both EU and UK businesses.

Emissions Reporting: Learn about the methodologies for reporting and calculating emissions, and how businesses must comply with the new regulations.

Carbon Price Reporting: Understand operator responsibilities concerning carbon price reporting.

CBAM Systems and Paperwork: A practical look at the systems and paperwork that businesses will need to manage.

UK CBAM Considerations: Exploration of the potential developments of CBAM within the UK and what they mean for local businesses.

Practical Examples and FAQs: The session will offer real-world examples to address common challenges, with a chance to ask questions.

Supporting Tees Valley Businesses

This event is fully funded by the UK Government through the UK Shared Prosperity Fund (UKSPF). Exclusively for businesses based in Tees Valley (Darlington, Hartlepool, Middlesbrough, Redcar & Cleveland and Stockton-on-Tees). Delivered by Decerna on behalf of the Tees Valley Mayor and Combined Authority, and the Tees Valley Business Board.

Are you involved in iron, steel, aluminium, fertilisers, hydrogen, or concrete?

If your business operates in any of these sectors, CBAM will have significant implications for your operations. The training session is specifically designed to help businesses in carbon-intensive industries understand how to comply with new regulations and manage the impact of CBAM on both production and supply chains.

Why Attend?

With increasing global pressure for sustainability and more stringent regulations, understanding CBAM is crucial not just for compliance, but also for future-proofing your business and remaining competitive in a market that increasingly values environmental responsibility. The training will provide businesses with practical tools to gather and report emissions data, engage effectively with suppliers, and address the challenges that come with these new obligations.

Join Us

Don’t miss out on this invaluable opportunity to understand CBAM requirements and how they will affect your supply chain. Register now for this session and ensure your business is well-prepared for the future of international trade and environmental responsibility.

By attending, you will leave with a clearer understanding of the evolving CBAM obligations and strategies to navigate this transition with confidence. Whether you’re part of a large corporation or a small enterprise, the knowledge gained will be an essential resource to help maintain compliance and support sustainability efforts in the years to come.

External URL: https://teesvalleynetzeroevents.evolutive.co.uk/event/details/25404/Introduction-to-CBAM-Workshop