Questions About SKDM

Many medium and large companies have already started to comply with CBAM regulations. For companies above a certain size, the first report for fiscal year 2025 must be submitted in 2026. We recommend that customers and potential clients conduct a trial run of data collection by summer 2024. This will allow you to set up the right processes and make purchases.

CBAM is a mechanism designed by the European Union (EU) to ensure the reduction of greenhouse gas emissions from some products imported into the EU. This mechanism aims to bring emissions from products imported into the EU to the same level as emissions from products produced in the EU.

The CBAM will contribute to the EU achieving net zero greenhouse gas emissions by 2050. By reducing emissions from products imported into the EU, this mechanism will help the EU reduce its greenhouse gas emissions.

The CBAM process will consist of the following steps:

• Importers will calculate the greenhouse gas emissions from the products they import.
• Importers will pay a carbon tax to the EU for the emissions they calculate.
• The EU will use the carbon taxes collected to support greenhouse gas reduction projects in the EU.

The CBAM is a mechanism that can affect international trade. By creating a cost burden for businesses importing into the EU, this mechanism could create a competitive disadvantage for countries exporting to the EU.

Businesses can take the following measures to comply with the CBAM:

• Take measures to reduce the greenhouse gas emissions of their products.
• Invest in greenhouse gas mitigation projects in the EU.
• Seeking consultancy services to comply with the GCC.

The CBAM could create a competitive disadvantage for Turkish firms exporting to the EU. This may cause Turkish firms to increase the price of their products or lose competitiveness. Therefore, businesses need to strengthen their sustainability infrastructure, reduce greenhouse gas emissions and manage the process effectively.

The CBAM reporting process is an important responsibility for businesses importing into the EU. It requires businesses to report greenhouse gas emissions from imported products in an accurate and timely manner. The CBAM reporting process consists of the following stages:   Calculation: Importers are required to calculate the GHG emissions from the products they import. This calculation should take into account GHG emissions during the production, transportation and use of the products. Reporting: Importers are required to report their calculated emissions to the EU. This should include the date, quantity and emissions when the products were imported. Verification: The EU will review and verify the accuracy of importers' reports. Reports that are not verified will be considered invalid and importers will be penalized. Importers will have to submit their reports to the EU at the end of each quarter for the products they import. The reports can be written in English or French.

Familiarize yourself with the calculation method: It is important for importers to familiarize themselves with the calculation method used in the CBAM reporting process. To familiarize themselves with this methodology, they can refer to documents published by the EU or seek advice. Familiarize yourself with the reporting format: It is important for importers to familiarize themselves with the format used in the CBAM reporting process. To familiarize themselves with this format, they can refer to the documents published by the EU or seek advice. Plan the reporting process early: It is important for importers to plan the reporting process early. This will help them to complete the reporting process more smoothly. Some of the issues that importers should pay attention to in the reporting process are as follows: The SDCC reporting process is regulated by a legislation published by the EU. This legislation is available on the EU's official website. As a result, the ESDM reporting process is an important responsibility for businesses importing into the EU. Following this process carefully and making the necessary preparations will enable enterprises to complete the reporting process smoothly.