CBAM certificate
Also called: SKDM sertifikası
An electronic certificate corresponding to one tonne of embedded emissions, which authorised CBAM declarants must buy and surrender to cover the emissions in goods they imported. Its price is linked to the EU Emissions Trading System, and deductions are allowed for a carbon price effectively paid in the country of origin.
In practice
CBAM certificate costs should be built into landed-cost calculations for steel, aluminium, cement, fertilisers and other covered goods.
Applies to: 
EU
Related terms
- CBAM
- An EU mechanism putting a carbon price on imports of iron and steel, aluminium, cement, fertilisers, hydrogen and electricity, mirroring the EU…
- Authorised CBAM declarant
- The status that an importer, or an indirect customs representative, must hold to import goods covered by CBAM above the applicable threshold during…
- Embedded emissions (CBAM)
- The greenhouse gas emissions released during the production of goods covered by CBAM, including, depending on the sector, emissions from producing…
- Landed cost
- The full cost of a product delivered to the buyer's premises, including purchase price, freight, insurance, customs duty, additional duties, import…