The technical sessions provided participants with an overview of the EU CBAM framework, its applicability and covered products, obligations for exporters, calculation of embedded emissions, data collection and reporting requirements, and accreditation and verification mechanisms.
Under CBAM, which came into effect January 1, the EU will impose a carbon tax on goods such as steel, aluminium, fertiliser and cement. The tax is currently levied on steel and aluminium products.
Addressing the session, Joint Secretary, Department of Commerce, Amit Verma, emphasised the importance of ensuring that Indian exporters are adequately informed and prepared to meet emerging sustainability-related requirements in international markets.
EEPC chairman Pankaj Chadha emphasised the need for effective verification mechanisms to facilitate compliance by Indian exporters.
Practical case studies relating to the iron and steel and aluminium sectors were also discussed to provide exporters with a better understanding of the application of the requirements in practice, it said.