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CSustainability Dictionary

CBAM

Definition

The mechanism by which the European Union applies costs based on the carbon content of imported products.

Real-Life Example

Carbon costs in exports to the EU

Example Scenario

“A steel producer pays tax based on default high values if it does not perform CBAM reporting.”

How does CarbonSmart help with this?

You can use the CarbonSmart platform to measure, report and reduce your company's carbon footprint regarding CBAM. Reach your sustainability goals faster with our AI-powered tools.

Related Terms

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Carbon Footprint

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Carbon Neutrality

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Carbon Offset

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Carbon Pricing

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Carbon Tax

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Carbon Capture