Over 600 Participants Attend JBCE Event on CBAM

On 14 June 2024, JBCE organised a hybrid event on CBAM with the participation of Vicente Hurtado Roa, Head of Unit at DG TAXUD, European Commission, to discuss the first and second CBAM reporting exercises and future perspectives.\

This event offered an extremely informative moment, which allowed both on-site and online participants (over 600) to learn that:

• The European Commission plans to allow the use of default values even after 1 January 2026
• The data collected during the transition period will be an essential contribution to the elaboration of default values
• The scope of CBAM will gradually be extended to all ETS products by 2030
• Third-country manufacturers should be allowed to directly submit commercial sensitive information. As such, the European Commission will work to determine the list of such information and modify the registry accordingly
• The European Commission seeks a pragmatic approach to strike the right balance between decarbonisation and streamlining the administrative burden. Revising the de minimis threshold would feed into this process

JBCE would like to express its gratitude to Vicente Hurtado Roa for his insightful presentation, Yasuo Hirano, Chair of JBCE’s Trade Policy Committee and Hidehiko Ishii, First Secretary at the Mission of Japan to the EU, for their opening remarks, Mikaela Nilsson, Senior Policy Manager at JBCE, for acting as Master of Ceremonies, and Hibiki Kimura, Trade Policy Manager at JBCE, for organising and moderating this event.

Finally, we would like to thank the participants, both JBCE and non-JBCE members, for attending and engaging in the conversation.