3rd July 2024, 9.30am

Greater Birmingham Chambers of Commerce has launched a new training course designed to help businesses understand what they need to do in preparation for Carbon Border Adjustment Mechanism (CBAM) launching in the UK.

The Carbon Border Adjustment Mechanism is a policy implemented by governments to account for the carbon cost of producing imported goods.

It will place a tariff on carbon intensive products. Reporting has already commenced, with the fourth report due to be released at the end of July.

Although the CBAM doesn’t officially launch with financial obligations until January 2026, the webinar will provide key information so businesses can get ahead and understand just what CBAM means for them, what changes to implement now, and what data they need to start to gather ready for the official launch.

Greater Birmingham Chambers of Commerce training manager Leah Quarmby said: “Although CBAM may seem like a long time off, businesses need to begin preparing how to gather the data now, and learn how to report on their products they are importing and exporting, which are made from certain materials.

CBAM will affect those in specific sectors, they are:

  • Aluminium
  • Cement
  • Fertiliser
  • Electricity
  • Hydrogen
  • Iron and steel
  • The UK will also include glass and ceramics

“Acting now and being ready for the changes could avoid unnecessary hurdles in the future including fines for not providing correct information on goods.”

The detailed and informative webinar will provide everything companies need to know now, what is potentially coming up for the rest of 2024 and includes a Q&A session with an expert.

MTA Cluster Members will be able to book with the members fee which is £275+VAT compared to Non-members at £500+VAT.

Please call Leah Quarmby International Trade Training Manager on 07860258387 or email [email protected] and advise that you are an MTA Cluster member.

To top