The Carbon Border Adjustment Mechanism (CBAM) is an EU legislation introduced in a transitional state in October 2023. As of October 1, 2023, Regulation 2023/956 introduced the EU’s Carbon Border Adjustment Mechanism (CBAM), intending to reduce carbon emissions, put a fair price on the carbon emitted during the production of carbon-intensive goods imported into the EU and encourage a cleaner industrial production through a methodology for calculating embedded emissions according to the Paris Agreement and the EU Fit for 55 packages.
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ESOS is a mandatory energy assessment scheme implemented every four years for UK organisations of a certain size. The assessments involve a complete audit of the total energy consumption across the organisation's buildings, industrial processes, and transport systems to identify opportunities to improve efficiency and reduce costs. It's time businesses start crafting their ESOS Action Plans.
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