CBAM definition
Examples of CBAM in a sentence
Nothing in Exhibit 6.1 shall imply any further commitment by either party under this Amendment to develop the C-BAM or X-BAM.
The proposal of December 2021 remains largely unchanged, with the exception of limited adaptations reflecting the recent entry into force of the CBAM Regulation.
The Buyer shall promptly return any security CBAM has issued after notice of termination, and CBAM shall be released from any further warranty obligation.
CBAM shall not be liable for any delays that occur due to Changes requested by ▇▇▇▇▇.
This includes but is not limited to: (i) the total quantity of each type of CBAM Goods; (ii) the actual total embedded emissions; (iii) the total indirect emissions; (iv) the carbon price due in a country of origin for the embedded emissions in the imported CBAM Goods (including its relevant precursors where applicable), taking into account any rebate or other form of compensation available.
The EU CBAM rules for recognizing domestic carbon prices will be relevant.
Supplier further agrees to provide, upon ▇▇▇▇▇’s request, accurate and comprehensive data necessary to comply with evolving regulatory requirements, including but not limited to: Scope 3 Emissions Data: Supplier shall provide accurate emissions data as required to meet Scope 3 GHG regulations, such as the EU Carbon Border Adjustment Mechanism (CBAM) and Corporate Sustainability Reporting Directive (CSRD).
The Commission shall adopt implementing acts laying down detailed conditions for the application of the CBAM to such goods, in particular as regards notions equivalent to those of importation into the customs territory of the Union and of release into free circulation, as regards the procedures relating to the submission of the CBAM declaration in respect of such goods and the controls to be carried out by customs authorities.
This one-sided result was at least partly due to the shortcomings in the original C-BAM related questionnaire discussed in section 1.4 (Instruments).
By 31 May of each year, the authorised CBAM declarant shall surrender through the CBAM registry a number of CBAM certificates ▌ that corresponds to the embedded emissions declared in accordance with Article 6(2), point (c) and verified in accordance with Article 8 for the calendar year preceding the surrender.