What is the role of the European Commission during the transitional period?
The Commission will have the following tasks during the transitional period:
- Manage the CBAM Transitional Registry.
- Review CBAM reports communicated by reporting declarants, and communicate to the NCAs a list of reports for which it has reasons to believe they are not compliant with the CBAM rules.
- Monitor the implementation of CBAM, progress, and risks of circumvention, as well as analyse the impact of CBAM on exports, downstream products, trade flows and least developed countries (LDCs).
- Prepare secondary legislation in the form of implementing acts:
- In mid-2023 on the transitional period (art. 35), reporting obligations and reporting infrastructure.
- In mid-2024 on the authorisation of declarants (art. 5 and 17), and the CBAM registry (art. 14).
- In mid-2025 implementing acts on indirect emissions (annex IV), verification (art. 8), accreditation of verifiers (art. 18) carbon price paid (art. 9), information for customs (art. 25), continental shell (art. 2), average ETS price (art. 21), CBAM declaration (art. 6), methodology (art. 7) and free allocations (art. 31).
- Prepare secondary legislation in the form of delegated acts during mid-2025 for the accreditation of verifiers (art. 18) and the selling and repurchasing of certificates (art. 20). If necessary, the Commission will also prepare delegated acts on exempted countries, rules on electricity and anti-circumvention.
- Set up the Common Central Platform where the sale, repurchase of certificates will take place in the definitive period.
Source: EC’s Questions and Answers on CBAM