Essex Chambers Launches CBAM Consultancy Service and Free Health Check Tool to Support Exporters
As the global push for carbon neutrality intensifies, the European Union introduced the Carbon Border Adjustment Mechanism (CBAM) to ensure imported goods are subject to the same carbon pricing as those produced within the EU. In response, Essex Chambers of Commerce has launched a dedicated CBAM Consultancy Service and a free EU CBAM Health Check Tool to support UK exporters in understanding and complying with this complex regulatory landscape.
What is CBAM?
CBAM is the EU regulation that aims to reduce carbon leakage by levelling the playing field for EU and non-EU producers of carbon-intensive goods. Initially covering products such as cement, iron and steel, aluminium, fertilisers, electricity, and hydrogen, it requires EU importers to report on the embedded greenhouse gas emissions of these goods.
Why It Matters to UK Exporters
From 1st July 2024, EU importers had to begin using actual emissions data rather than default values when reporting to the European Commission. This shift places an increasing burden on UK exporters to provide detailed emissions data, covering both direct and indirect emissions, for their goods. Without this information, EU importers may face higher CBAM costs, making UK exports less competitive.
How Essex Chambers Can Help
Our new CBAM Consultancy Service provides bespoke support to help businesses:
- Understand the scope and impact of CBAM
- Identify affected products in their portfolio
- Measure and calculate embedded emissions accurately
- Develop practical reporting frameworks
- Ensure compliance with EU import partners’ requirements
The service is delivered by experienced consultants and is available on-site or remotely, offering a tailored approach to suit each business's needs.
Introducing the EU CBAM Health Check Tool
To assist businesses in evaluating their readiness for CBAM compliance, we offer a free, interactive EU CBAM Health Check Tool. This tool allows UK exporters to:
- Answer a few quick questions—taking approximately 5 minutes
- Receive a personalised readiness report using a traffic light system to highlight:
- Urgent areas requiring action
- Areas needing improvement
- Compliance areas already in place
If further support is needed, businesses can book a free session with a CBAM expert.
Looking Ahead
This consultancy service and health check tool not only help businesses meet immediate EU requirements but also prepare them for the UK's own CBAM legislation, expected to come into force by 2027. By acting early, UK exporters can maintain strong relationships with EU clients and future-proof their operations against evolving carbon compliance regimes.