On 30 December 2024, the Commission Implementing Regulation EU 2024/3210 of 18 December 2024 laying down rules for the application of Regulation (EU) 2023/956 of the European Parliament and of the Council as regards the CBAM registry was published, effective the following day.
This Regulation primarily requires the Commission to establish at EU level a standardized and secure electronic database (hereinafter: “CBAM Registry”) for the handling of CBAM certificates.
As indicated in Article 3 of the aforementioned Regulation, the established CBAM Registry will include:
- individual CBAM accounts;
- CBAM declarations;
- applications for authorized CBAM declarant status;
- registration of operators;
- reports on verifications issued by accredited CBAM verifiers.
The CBAM Registry is to enable communication, notification, registration, control and exchange of information between the Commission, competent authorities, customs and authorized CBAM declarants, applicants, persons whose authorized CBAM declarant status has been revoked, and operators.
Individual CBAM accounts will be assigned to the authorizing declarants, it is in these accounts that the purchased CBAM certificates will be recorded.
CBAM declarations will be submitted once a year, and along with them will come the obligation to pay any fees for border carbon tax, as well as to provide information on imported goods or on the redemption of purchased CBAM certificates.
Applications for the status of authorized declarant will be required to be submitted by entities that will act as importers of high-carbon commodities such as cement, electricity, fertilizers, iron and steel, aluminum and chemicals (hydrogen).
Operators are entities with facilities producing from a third country. Data on them will be necessary for EU entities submitting CBAM declarations.
Verification reports issued by accredited CBAM verifiers are activities performed to check the conformity of the data contained in the CBAM declarations submitted, such as the calculation of emissions embedded in goods.
The full implementation of the EU mechanism for the import of certain goods into the European Union, along with the introduction of a border carbon tax, will begin to take effect at the beginning of 2026. However, due to the many new developments and reporting information, we recommend starting work on implementation still in 2025.
