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CBAM mechanism: Companies need to report emissions from electricity consumption

During the transitional phase of the EU’s CBAM mechanism, importers of cement, steel, aluminum, fertilizers, and hydrogen products must report direct and indirect greenhouse gas emissions, including emissions from electricity use during manufacture. What may you not know about the carbon credit market? Ho Chi Minh City needs a breakthrough development mechanism to pioneer in neutralizing emissions VP Energy invests […]

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CBAM

How should businesses adapt to the EU’s CBAM?

In just a few days, the EU’s Carbon Border Adjustment Mechanism (CBAM) will officially enter its transitional phase, starting October 1, 2023. Proactively adapting to CBAM is a challenge for many businesses in Vietnam, especially those in industries like steel, aluminum, cement,… What is the Carbon Border Adjustment Mechanism (CBAM)? The European Union’s CBAM is an environmental trade policy that […]

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