Carbon Emissions: UK Trade with EU
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to support small businesses to meet the carbon reporting requirements of the EU’s Carbon Border Adjustment Mechanism.
Answered by Mr Douglas Alexander
We recognise that reporting requirements of the EU Carbon Border Adjustment Mechanism (CBAM) are having incidental impacts on some UK businesses exporting to the EU.
EU CBAM implementation and guidance remains fundamentally a matter for the European Commission. The Commission have proposed changes to EU CBAM which are intended to exempt most small businesses and make reporting requirements easier to comply with. The Commission intends to undertake a full review of its CBAM later this year, which we will watch closely.
The Commission website is the most up to date source of information for businesses seeking guidance on requirements: https://taxation-customs.ec.europa.eu/carbon-border-adjustment-mechanism_en.
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