2,400 Serbian companies export CBAM goods to Europe

About 2,400 companies from Serbia exported so-called CBAM (Carbon Border Adjustment Mechanism) goods to the European Union last year and 1,400 of them did so in the last quarter of 2023. These figures do not include only producers, but also traders or users of these goods, stated the Serbian Chamber of Commerce.

The Serbian Chamber of Commerce does not have precise data on how many companies from Serbia sent their CBAM reports to their EU partners, covering the first reporting period (fourth quarter of 2023), because CBAM as a mechanism was created to primarily exchange data on embedded emissions between companies, exporters outside the EU and importers based in the EU, and at the moment, there is no publicly available centralized national register of companies that have to abide by the CBAM rules.

According to the Serbian Chamber of Commerce data, the largest number of companies whose products are subject to the CBAM rules are in the aluminium, iron and steel industries (according to preliminary estimates, more than 95 percent).

Due to the lack of resources and the level of preparedness, small and medium-sized companies from the metal-processing sector will encounter a lot of challenges, whether they directly export the final product to the EU or their product is one of the products including in the supply chain of the final product exported by another company.

The Carbon Border Adjustment Mechanism is the EU’s tool to put a fair price on the carbon emitted during the production of carbon-intensive goods that are entering the EU and to encourage cleaner industrial production in non-EU countries. During its transitional phase, it will only apply to imports of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen.

(Nova Ekonomija, 07.02.2024)

https://novaekonomija.rs/vesti-iz-zemlje/prosle-godine-2-400-firmi-iz-srbije-izvozilo-cbam-robu-u-eu

This post is also available in: Italiano

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