CCIS: EU Preparing Regulation for Cross-Border Carbon Harmonization

An EU regulation which would regulate and define the activities of the CBAM verification and the necessary qualifications for the accreditation of CBAM verifiers is being prepared, the Chamber of Commerce of Serbia (CCIS) says and adds that the regulation is expected to be adopted in the final quarter of 2024.

– Although in the transition period the implementation of the CBAM regulation of the verification of reports on specific embedded emissions is not mandatory, it can be used as a potential additional form of a guarantee of the reliability and validity of the calculated embedded emissions – says Dusan Stokic, the head of the Center for the Environment, Technical Regulations, Quality and Social Responsibility.

– However, from January 1, 2026, when the definitive period of the implementation of the CBAM regulation is to begin, the verification of the CBAM report becomes mandatory for all exporters of goods which are subject to these regulations and that is why it is of great importance for everybody to be familiar with the conditions for the accreditation of the CBAM verifiers that will perform this responsible function, as well as with the relevant register of accredited verifiers, which is expected to be publicly available – Stokic emphasizes.

The regulation will encompass two implementation acts, in line with Articles 8 and 18 of the CBAM Decree, for the principles of verification and the harmonization of the scope of the verification between EU ETS and CBAM and, second, a delegated act in line with Article 18 of the CBAM Decree, which will specify the conditions for the accreditation of verifiers.

Privredna komora Srbije

Chamber of Commerce of Serbia

CCIS

Dušan Stokić

CBAM verifier

CBAM verification