Introduced with Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 and published in the Official Journal of the European Union on 16 May 2023, CBAM is the EU's historic tool to fight carbon leakage and one of the pillars of the European "Fit for 55" agenda.

The new tax revenue equalizes the price of domestic products and imports, covering the differences due to emission reduction policies.
This measure therefore affects more carbon-intensive goods from non-EU countries to ensure that environmental efforts within the EU are not wasted, to counteract the relocation of production to countries with less ambitious ecological standards and to avoid the substitution of European products.

The CBAM will become fully operational on January 1, 2026 following a transitional phase, launched on 1 October 2023, which only affects imports of steel, iron, cement, aluminium, fertilisers, electricity and hydrogen.
The Lucefin Group has already taken action in compliance with the provisions of the regulation.
In a first phase in which no financial adjustment is foreseen, the actors involved will still have to communicate the volume of imports and the greenhouse gas emissions incorporated during production.

The first report on imported goods must be submitted by 31 January 2024, with reference to the quarter October-December 2023.

On 22 December 2023, the European Commission published the default values that can be used until 31 July 2024 for the compilation of the CBAM quarterly reports.
Once the first reporting period ends on 31 January 2024, the values ​​will in any case be revised taking into account the data collected and the feedback from the EU industry and non-EU producers.
The transitional phase will allow the European Commission to refine the methodology.

From the 1 January 2026, importers will have to purchase and return the number of "CBAM certificates" corresponding to the greenhouse gases incorporated into imported CBAM goods.