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Konstantinos Skaltsas

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Konstantinos is an associate in the EU Competition and Regulatory Affairs Practice Group in the Brussels office. He joined Baker McKenzie in May 2023 after gaining experience in an Athens-based law firm.
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European Union: The Commission publishes CBAM reporting requirements for transitional period

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On 17 August 2023, the EU Commission adopted the implementing regulation regarding the reporting rules applicable during the transitional phase of the Carbon Border Adjustment Mechanism (CBAM).
The CBAM formally entered into force on 17 May 2023. It requires importers to report the so-called ’embedded emissions’ of certain (mostly industrial) products and of electricity imported into the EU in order to ensure equivalent carbon pricing for imports and domestic (i.e., EU) products and electricity.