Pressure to “green” from the EU market - Change to survive and develop

In order to promote efforts to protect the environment and reduce greenhouse gas emissions, the European Union (EU) has implemented the Carbon Border Adjustment Mechanism (CBAM) through Regulation (EU) 2023/956 issued on 10/05/2023 and Implementation Regulation No. 2023/1773 issued on 17/08/2023. 

The EU has introduced the Carbon Border Adjustment Mechanism (CBAM) to control emissions from imported products. The CBAM is a mandatory legal provision that imposes a charge on certain goods imported into the EU, based on the net greenhouse gas emissions from the production process associated with that good in the exporting country. 

• Product range:Cement, steel, aluminum, fertilizer, electricity, hydrogen.
• Wide emission range:In addition to direct emissions, CBAM also applies to associated emissions (the total greenhouse gas emissions required to produce a product) of products within the CBAM scope.

EU Market - Great Opportunity, But Not for Everyone!

• Cement, iron, steel, and fertilizer are forecasted to be the four industries most affected when the EU applies the Carbon Border Adjustment Mechanism (CBAM) on January 1, 2026.
  Steel: Estimated output will decrease by 0.8% in 2030, export value will decrease by 2.3%.
  Aluminum: Estimated output will decrease by 0.4% in 2030, export value will decrease by 4.3%.
• It is estimated that for Vietnam, the CBAM Mechanism will reduce export turnover by up to 100 USD (iron, steel, cement, fertilizer, aluminum).
• Exporting enterprises must bear additional administrative costs for monitoring, reporting and verifying carbon emissions in their products and goods exported to the EU market.

In compliance with the “new rules of the game”, Vietnamese enterprises when importing into the EU market must be transparent in measuring and reporting the carbon emissions of their products. If not complied, imported products into the EU will be subject to high carbon taxes, increasing costs and reducing the competitiveness of enterprises.

Mastering the “rules of the game” - Conquering the EU market - Opportunities for export businesses

Faced with the pressure of “greening” from the EU market, Vietnamese enterprises are forced to proactively learn, update information and knowledge, and apply solutions to reduce greenhouse gas emissions in the production process, build reports, etc. to improve their competitiveness in the international market.

CBAM COURSE - ACCELERATION OF GREEN ECONOMY INTEGRATION is a program developed and implemented by Minmax Green - a prestigious unit in the field of providing CBAM consulting and reporting solutions, Carbon Neutrality for businesses, providing effective solutions to measure and quantify carbon emissions,...

CBAM COURSE - ACCELERATION OF GREEN ECONOMY INTEGRATION by Minmax Green will support businesses and production facilities to equip themselves with in-depth knowledge and practical skills to prepare reports and build a sustainable emission reduction roadmap in accordance with CBAM requirements.