ClimEase

Ensure your CBAM compliance with ClimEase! 🛡️📈 With the first CBAM milestone approaching on 31st October, it's essential for European importers and international manufacturers to meet new emission calculation and reporting requirements. Ensure that at least 80% of your Product Carbon Footprint (#PCF) is based on real, calculated emissions—no estimates allowed. Compliance across your tier 1 suppliers and the entire supply chain is critical for exporting to the EU. 🗓️⚠️ Don’t wait until the deadline—get ahead now. Let us help you streamline the process with a personalized demo of ClimEase. 💬 Book your demo today and ensure you're CBAM ready! Write to [email protected] #CBAM #Software #Emissions #SupplyChain #Exports #Steel #ClimEase #CarbonPricing #NetZero

1 Year of CBAM: Progress & Next Steps Yesterday’s ERCST - European Roundtable on Climate Change and Sustainable Transition webinar offered valuable insights into CBAM’s first year and what’s next.  Key Takeaways: 1 Expansion in 2026: Reports on the inclusion of downstream goods and additional sectors (e.g., organics, chemicals) will be released in 2025, with decisions expected before the definitive phase begins. Implementation challenges remain significant.   2 CBAM Reporting so far: 80% of emissions are covered by 15% of importers. Among large importers (>1,000 tonnes/year), 85-90% use actual emissions data. For others, 50% of declarations rely on actual values.   3 Export Challenges: Carbon leakage risk for exports remain unresolved. EU Commission suggests the need for further adjustments to mitigate this risk.   4 Ongoing Issues: Questions persist around certificate calculations, emission methodologies, resource shuffling, circumvention, deductible carbon prices, liabilities distribution and Coordination across National Competent Authorities (NCAs). Regular CBAM system reports will begin every two years starting January 2028. However, the MAIN challenge remains collecting accurate emissions data, particularly for SMEs, with verification posing additional technical hurdles. That is why a decision will be made on the CBAM threshold, which will likely decrease the number of affected companies, considering that 15% of companies are responsible for 80% of emissions. CBAM’s success lies in sparking global conversations, encouraging climate action, and increasing awareness of carbon leakage risks, while tensions over unilateral measures, especially from countries like India and South Africa, highlight the need for multilateral discussions.  🌍    #CBAM #ClimEase #CarbonPricing #EU #Imports #Steel #Compliance

🚨 CBAM Reporting for Q3 2024 Deadline in Just 10 Days! 🚨 ⏳ The Q3 2024 CBAM report is the first one where at least 80% of the Product Carbon Footprint (PCF) must be based on actual data from your international manufacturers, based on installation consumption, rather than default values. Only 20% of the PCF can be based on defaults. Failure to meet these standards could result in fines from National Competent Authorities (NCAs), if you didn’t put enough effort into the task. Many importers are at risk of double fines due to incorrect customs codes. For example, importing spare parts under the wrong CN code (e.g., instead of using the specific code for screws/bolts) means you’re breaching both CBAM and customs regulations. This was brilliantly explained by Davide Palumbo, CEO of NAVIS INTERNATIONAL TRADE & CONSULTING LTD, during our recent joint webinar. 💡 If you need extra support, contact us for a demo of our software. ClimEase can help you meet the CBAM deadline of the 31st of October and avoid costly mistakes. 🌍 #CBAM #CarbonFootprint #Compliance #CarbonPricing #EUImporters #Customs #ClimEase #Manufacturing #Steel

🚨 Join our CBAM Software DEMO and Q&A Webinar in partnership with Navis Trade & Consulting! 🚨 On October 10th, 2024, at 15:00 CEST, we’ll be showcasing how ClimEase’s software can help you automate supplier outreach and CBAM reporting. Partnering with NAVIS INTERNATIONAL TRADE & CONSULTING LTD, we'll provide valuable insights on preparing for the 2026 CBAM regulations and effectively tracking CBAM taxes. 🎤 Speakers: - Nicolas Endress, CEO & Founder of ClimEase - Davide Palumbo, CEO of Navis Trade & Consulting 📅 When: October 10th, 2024, 15:00 CEST  🔗 Register here ( https://lnkd.in/emR-i8vm ) or scan the QR code on the flyer! Don’t miss out – secure your spot now and get your CBAM questions answered! For more information, feel free to reach us at [email protected] or [email protected] #CBAM #ClimEase #NavisConsulting #CarbonCompliance #Emissions #GreenTech

ANALYSIS: Importers begin hedging EUAs to shield against CBAM costs 🛡️🚦 S&P Global Commodity Insights has recently analysed how the impending costs from the EU's Carbon Border Adjustment Mechanism (#CBAM) are prompting importers to hedge against climate taxes, building on industry insights from Dan Maleski. With CBAM starting in 2026, industries are already buying EU Allowances (#EUAs). 💼📈 The report highlights that EUA prices have fluctuated between Eur65-73/tCO2e, with expectations of an increase to Eur90-100/tCO2e by 2026. Many companies are adopting hedging strategies now to mitigate future costs. 📅💶 Hedging interest is coming both from European corporations that import into the bloc, and from countries outside of the EU, such as Turkey🇹🇷, India🇮🇳, China🇨🇳, and South Africa🇿🇦, which have material exposure to the mechanism. Are you or your company considering similar strategies to manage your CBAM exposure? 💭 #CarbonPricing #Hedging #CarbonTax #EUETS #Supplychain #NetZero #RiskManagement

Political Economy and Pursuit of Carbon Pricing in Developing Countries 🌍💼 This report by The World Bank and prepared by experts from The London School of Economics and Political Science (LSE) and adelphi explores the intricate balance between political and economic forces that shape carbon pricing policies in developing countries, emphasising the need for adaptable and ambitious solutions that can overcome local political challenges. 🛠️💡 Key findings show that carbon pricing, while effective in reducing emissions, often faces significant opposition from high-emission firms—78% of which are seen as major barriers to adoption. The report highlights the importance of building broad coalitions and engaging stakeholders early in the process to address concerns. For example, governments can utilise revenues generated from carbon pricing to invest in green technologies and mitigate the social impacts on vulnerable communities, thereby creating a more supportive environment for these policies. 💶🌿 As the EU and UK deploy their CBAM, developing countries face the dual challenge of maintaining their economic competitiveness while adhering to stricter environmental standards. Carbon pricing can help jurisdictions retain revenues, but businesses will need to adapt quickly to the evolving landscape or risk losing access to key markets. How do you think carbon pricing can adapt in your country? 🌐💭 #CarbonPricing #Emissions #Decarbonization #ClimatePolicy #NetZero #CBAM #CarbonTax

EU Climate Policy Between Economic Opportunities and Fiscal Risks 📈🏦 Agora Energiewende, in collaboration with Oxford Economics, explores the macroeconomic impacts of the EU's transition to climate neutrality by 2050. This recent comprehensive study assesses both the economic benefits, and the fiscal challenges posed by the shift towards decarbonisation. 🌳💶 The report highlights that ambitious green investments could boost the EU's GDP by 2% by 2040, with stronger economic convergence between Western and Eastern Europe. However, fossil fuel tax revenues will decline, potentially increasing fiscal pressure on countries like Italy and Spain, which will need to reassess their climate and debt strategies. 🇪🇸🇮🇹❗️ One way to partially respond to the need is the new Carbon Border Adjustment Mechanism (#CBAM), introduced not only to level the playing field for imports but also to create new revenue streams. What additional steps can policymakers take to ensure long-term fiscal stability while supporting the green transition? 🍃💬 #ClimatePolicy #Decarbonization #EU #CarbonNeutrality #EnergyTransition #NetZero  

ClimEase at Carbon Forward London! 🇬🇧 We are excited to announce our presence at Carbon Forward 2024 in London from 8-10 October! Our CEO and founder, Nicolas Endress, will be presenting on the Carbon Border Adjustment Mechanism (CBAM), sharing key insights on its latest developments. Don't miss out on this incredible opportunity to learn, share, and network with industry leaders at the forefront of carbon compliance and sustainability! 👉 Register now to join us: https://lnkd.in/eSQMr8vJ #CarbonForward #carbonMarkets #CBAM #EUETS #ETS2 #emissions #NetZero #UKETS

Updates in CBAM Reporting Structure 🇪🇺❗️ On October 1st, exactly one year after the Carbon Border Adjustment Mechanism (CBAM) was implemented, the European Commission updated key documents, including the CBAM reporting Excel template. These changes are essential for companies navigating the complex compliance process, in light of the critical and upcoming Q3 2024 reporting deadline set for 31st October. Here key updates: -              The "Country code" in Carbon Price has been renamed to "Country code where carbon price is due." -              Rule updates to Type of Determination validation for specific goods, starting with Q3 2024 reporting periods. -              Expanded descriptions and size increases for fields related to emissions and reporting data. -              Adjustments to carbon price fields, now including limits on occurrences to ensure proper data entry. -              New guidance introduced to several important fields to streamline the reporting process. Stay Ahead with ClimEase! Make sure your company stays compliant and avoids penalties. Schedule a demo with ClimEase today to learn how our software ensures seamless adherence to CBAM requirements! #CBAM #CarbonTax #EmissionsReporting #EURegulations #SupplyChain #CarbonFootprint

1 year of CBAM- Main takeaways and next steps 🎂🎁 October 2024 marks one exact year since the EU's Carbon Border Adjustment Mechanism (CBAM) began its transitional phase. In this blog, we reflect on key developments, assess the progress made, and explore what lies ahead. The full blog is available on our website. Pain points: ·       CBAM is likely the most interconnected and critical regulation ever implemented in response to climate change. Linked to the EU’s Emission Trading System (ETS), it serves as the final piece of the Green Deal’s puzzle, launching a carbon tax for the most energy-intensive sectors.  ·       Collaboration across business functions such as customs, sustainability, finance, and procurement/supply chain has become essential under CBAM, adding significant layers of operational complexity compared to other environmental regulations.  ·       Despite a high reporting rate among EU companies, most CBAM declarations still rely on default emission values. International suppliers struggle to calculate emissions using the EU’s official Excel communication template, leading to lower response rates and increasing the risk of fines for importers.  ·       On a positive note, countries impacted by CBAM have started discussing the implementation of local carbon pricing systems—one of the key objectives the EU hoped to achieve.  ·       Entire supply chains must urgently adapt to CBAM’s emissions calculation rules. The 80/20 rule requires that at least 80% of a product’s embedded emissions be based on real data, making multi-tier supplier engagement not just important for precise tax exposure calculations, but also a regulatory requirement.  ·       Our internal estimates suggest that CBAM taxes could lead to product price increases of up to 60% by 2026, forcing businesses to adopt compliance solutions and hedge financial risks through the EU ETS allowance markets. Take control of your CBAM compliance today! Our software automates emissions calculations, ensures regulatory compliance, and helps manage financial risk as stricter regulations loom. Don’t wait—schedule a free demo to see how our solution can streamline your processes and prepare you for the road ahead. Contact us today! 💬 #CBAM #CarbonTax #NetZero #CarbonFootprint #Decarbonisation #SupplyChain #Emissions #TradePolicy #ClimEase