ClimEase

Ensure your CBAM compliance with ClimEase! 🛡️📈 With the first CBAM milestone approaching on 31st October, it's essential for European importers and international manufacturers to meet new emission calculation and reporting requirements. Ensure that at least 80% of your Product Carbon Footprint (#PCF) is based on real, calculated emissions—no estimates allowed. Compliance across your tier 1 suppliers and the entire supply chain is critical for exporting to the EU. 🗓️⚠️ Don’t wait until the deadline—get ahead now. Let us help you streamline the process with a personalized demo of ClimEase. 💬 Book your demo today and ensure you're CBAM ready! Write to Contact@climease.com #CBAM #Software #Emissions #SupplyChain #Exports #Steel #ClimEase #CarbonPricing #NetZero

🚨 Join our CBAM Software DEMO and Q&A Webinar in partnership with Navis Trade & Consulting! 🚨 On October 10th, 2024, at 15:00 CEST, we’ll be showcasing how ClimEase’s software can help you automate supplier outreach and CBAM reporting. Partnering with NAVIS INTERNATIONAL TRADE & CONSULTING LTD, we'll provide valuable insights on preparing for the 2026 CBAM regulations and effectively tracking CBAM taxes. 🎤 Speakers: - Nicolas Endress, CEO & Founder of ClimEase - Davide Palumbo, CEO of Navis Trade & Consulting 📅 When: October 10th, 2024, 15:00 CEST  🔗 Register here ( https://lnkd.in/emR-i8vm ) or scan the QR code on the flyer! Don’t miss out – secure your spot now and get your CBAM questions answered! For more information, feel free to reach us at edoardo@climease.com or andrea.fanti@navistrade.co.uk #CBAM #ClimEase #NavisConsulting #CarbonCompliance #Emissions #GreenTech

ANALYSIS: Importers begin hedging EUAs to shield against CBAM costs 🛡️🚦 S&P Global Commodity Insights has recently analysed how the impending costs from the EU's Carbon Border Adjustment Mechanism (#CBAM) are prompting importers to hedge against climate taxes, building on industry insights from Dan Maleski. With CBAM starting in 2026, industries are already buying EU Allowances (#EUAs). 💼📈 The report highlights that EUA prices have fluctuated between Eur65-73/tCO2e, with expectations of an increase to Eur90-100/tCO2e by 2026. Many companies are adopting hedging strategies now to mitigate future costs. 📅💶 Hedging interest is coming both from European corporations that import into the bloc, and from countries outside of the EU, such as Turkey🇹🇷, India🇮🇳, China🇨🇳, and South Africa🇿🇦, which have material exposure to the mechanism. Are you or your company considering similar strategies to manage your CBAM exposure? 💭 #CarbonPricing #Hedging #CarbonTax #EUETS #Supplychain #NetZero #RiskManagement

Political Economy and Pursuit of Carbon Pricing in Developing Countries 🌍💼 This report by The World Bank and prepared by experts from The London School of Economics and Political Science (LSE) and adelphi explores the intricate balance between political and economic forces that shape carbon pricing policies in developing countries, emphasising the need for adaptable and ambitious solutions that can overcome local political challenges. 🛠️💡 Key findings show that carbon pricing, while effective in reducing emissions, often faces significant opposition from high-emission firms—78% of which are seen as major barriers to adoption. The report highlights the importance of building broad coalitions and engaging stakeholders early in the process to address concerns. For example, governments can utilise revenues generated from carbon pricing to invest in green technologies and mitigate the social impacts on vulnerable communities, thereby creating a more supportive environment for these policies. 💶🌿 As the EU and UK deploy their CBAM, developing countries face the dual challenge of maintaining their economic competitiveness while adhering to stricter environmental standards. Carbon pricing can help jurisdictions retain revenues, but businesses will need to adapt quickly to the evolving landscape or risk losing access to key markets. How do you think carbon pricing can adapt in your country? 🌐💭 #CarbonPricing #Emissions #Decarbonization #ClimatePolicy #NetZero #CBAM #CarbonTax

EU Climate Policy Between Economic Opportunities and Fiscal Risks 📈🏦 Agora Energiewende, in collaboration with Oxford Economics, explores the macroeconomic impacts of the EU's transition to climate neutrality by 2050. This recent comprehensive study assesses both the economic benefits, and the fiscal challenges posed by the shift towards decarbonisation. 🌳💶 The report highlights that ambitious green investments could boost the EU's GDP by 2% by 2040, with stronger economic convergence between Western and Eastern Europe. However, fossil fuel tax revenues will decline, potentially increasing fiscal pressure on countries like Italy and Spain, which will need to reassess their climate and debt strategies. 🇪🇸🇮🇹❗️ One way to partially respond to the need is the new Carbon Border Adjustment Mechanism (#CBAM), introduced not only to level the playing field for imports but also to create new revenue streams. What additional steps can policymakers take to ensure long-term fiscal stability while supporting the green transition? 🍃💬 #ClimatePolicy #Decarbonization #EU #CarbonNeutrality #EnergyTransition #NetZero  

ClimEase at Carbon Forward London! 🇬🇧 We are excited to announce our presence at Carbon Forward 2024 in London from 8-10 October! Our CEO and founder, Nicolas Endress, will be presenting on the Carbon Border Adjustment Mechanism (CBAM), sharing key insights on its latest developments. Don't miss out on this incredible opportunity to learn, share, and network with industry leaders at the forefront of carbon compliance and sustainability! 👉 Register now to join us: https://lnkd.in/eSQMr8vJ #CarbonForward #carbonMarkets #CBAM #EUETS #ETS2 #emissions #NetZero #UKETS

Updates in CBAM Reporting Structure 🇪🇺❗️ On October 1st, exactly one year after the Carbon Border Adjustment Mechanism (CBAM) was implemented, the European Commission updated key documents, including the CBAM reporting Excel template. These changes are essential for companies navigating the complex compliance process, in light of the critical and upcoming Q3 2024 reporting deadline set for 31st October. Here key updates: -              The "Country code" in Carbon Price has been renamed to "Country code where carbon price is due." -              Rule updates to Type of Determination validation for specific goods, starting with Q3 2024 reporting periods. -              Expanded descriptions and size increases for fields related to emissions and reporting data. -              Adjustments to carbon price fields, now including limits on occurrences to ensure proper data entry. -              New guidance introduced to several important fields to streamline the reporting process. Stay Ahead with ClimEase! Make sure your company stays compliant and avoids penalties. Schedule a demo with ClimEase today to learn how our software ensures seamless adherence to CBAM requirements! #CBAM #CarbonTax #EmissionsReporting #EURegulations #SupplyChain #CarbonFootprint

1 year of CBAM- Main takeaways and next steps 🎂🎁 October 2024 marks one exact year since the EU's Carbon Border Adjustment Mechanism (CBAM) began its transitional phase. In this blog, we reflect on key developments, assess the progress made, and explore what lies ahead. The full blog is available on our website. Pain points: ·       CBAM is likely the most interconnected and critical regulation ever implemented in response to climate change. Linked to the EU’s Emission Trading System (ETS), it serves as the final piece of the Green Deal’s puzzle, launching a carbon tax for the most energy-intensive sectors.  ·       Collaboration across business functions such as customs, sustainability, finance, and procurement/supply chain has become essential under CBAM, adding significant layers of operational complexity compared to other environmental regulations.  ·       Despite a high reporting rate among EU companies, most CBAM declarations still rely on default emission values. International suppliers struggle to calculate emissions using the EU’s official Excel communication template, leading to lower response rates and increasing the risk of fines for importers.  ·       On a positive note, countries impacted by CBAM have started discussing the implementation of local carbon pricing systems—one of the key objectives the EU hoped to achieve.  ·       Entire supply chains must urgently adapt to CBAM’s emissions calculation rules. The 80/20 rule requires that at least 80% of a product’s embedded emissions be based on real data, making multi-tier supplier engagement not just important for precise tax exposure calculations, but also a regulatory requirement.  ·       Our internal estimates suggest that CBAM taxes could lead to product price increases of up to 60% by 2026, forcing businesses to adopt compliance solutions and hedge financial risks through the EU ETS allowance markets. Take control of your CBAM compliance today! Our software automates emissions calculations, ensures regulatory compliance, and helps manage financial risk as stricter regulations loom. Don’t wait—schedule a free demo to see how our solution can streamline your processes and prepare you for the road ahead. Contact us today! 💬 #CBAM #CarbonTax #NetZero #CarbonFootprint #Decarbonisation #SupplyChain #Emissions #TradePolicy #ClimEase

Future of Emissions Trading in the EU: Coverage Analysis 🏭📈 The ERCST - European Roundtable on Climate Change and Sustainable Transition has just published this comprehensive report on the future scope of the EU Emissions Trading System (#EUETS), by Andrei Marcu and Elena Bonfiglio. The study addresses areas where emissions trading in the EU might evolve, influencing climate policy and carbon markets, it examines sectoral and geographical expansions, non-CO2 emissions, and international credits. 🔑 Key Findings: -  Sectoral Expansion: The report explores the potential for expanding ETS coverage to sectors like municipal waste incineration, international aviation, and maritime transport, providing timelines and impact analyses. - Inclusion of Negative Emissions: It examines the role of carbon dioxide removal (#CDR) and its gradual integration into the ETS, which could become critical for achieving net-zero goals. -  Geographical Expansion: The report discusses the possibility of including Ukraine in the ETS framework and the effects this might have. The report also suggests an alignment with the UK and its ETS, while an interesting but more challenging integration would be with Turkey. -  A Single Market for CO2: The authors highlight the political desire to unify the two emissions trading systems (ETS1, ETS2) into a single EU-wide market. However, differing abatement costs and sector-specific challenges pose hurdles to that. 🌍 Ursula von der Leyen, President of the European Commission, has confirmed that “the aim is to accelerate the build-up of a Single Market for CO2.” While there is strong political will for this integration, it's far from guaranteed. The timing depends on several factors, including technological advancements, financial capabilities, sector Marginal Abatement Cost Curve (MACC), public and political support, and international developments. 🤔 What’s Next? Expanding emissions trading to new sectors will likely align with the broader climate policy calendar. The 2040 emissions target, to be presented in 2025, offers a key moment for introducing further changes. Additionally, legislation like the CBAM could provide potential solutions. A unified, comprehensive approach is essential—fragmented laws risk undermining the EU’s climate strategy and carbon market stability. #NetZero #CarbonPricing #GreenDeal #EnvironmentalPolicy #Deacarbonisation #GreenTransition #CBAM #FitFor55

EU's CBAM to spur other countries to introduce carbon border levies 🛑✋ S&P Global Commodity Insights has released a report built on IETA analysis pointing out how the EU’s Carbon Border Adjustment Mechanism (CBAM) is pushing countries worldwide to follow suit. It highlights both supportive and hostile reactions to CBAM, especially from nations heavily reliant on carbon-intensive industries. Iron and #steel industries are expected to be the most affected globally. Countries like Australia 🇦🇺, Turkey 🇹🇷, and the UK 🇬🇧 are already exploring their own carbon tariff. However, other nations, particularly petro-states and coal reliant like South Africa 🇿🇦 and India 🇮🇳, view CBAM as discriminatory and are considering retaliatory measures, while Japan 🇯🇵, Singapore 🇸🇬 and South Korea 🇰🇷 are the most likely supporters of CBAM. Quoting the report: “CBAM is making waves around the world, although it is still a decade before the system will be fully in place”. A chain reaction has started with CBAM, do you think it could lead to a global carbon pricing standard, or will the resistance from key countries hinder its widespread adoption?  💬 #CBAM #Trade #CarbonPricing #NetZero #Decarbonisation #CarbonTax