Until which point in time will EU importers be allowed to use alternative monitoring and reporting methods?
In accordance with the Implementing Regulation for the transitional period, there are certain flexibilities: for imports until 31 December 2024 reporting declarants can use other methods that lead to similar coverage and accuracy using (a) a carbon pricing scheme, (b) a compulsory emission monitoring scheme or (c) an emission monitoring scheme at the installation (Article 4(2)).
For imports until 30 June 2024 (i.e. CBAM reports due until 31 July 2024), any other reference method, including default values, could be used if the reporting declarant does not have all necessary information (see Article 4(3) of the Implementing Regulation). Accordingly, reporting declarants may decide, until that date, to bring forward additional methods of their choosing. These methods will then be assessed by Commission services for the purpose of adjusting the CBAM reporting methodology for the definitive phase.
Source: EC’s Questions and Answers on CBAM
CBAM Regulation
CBAM Regulation 2023_1773