The first trial application for the EU Carbon Border Adjustment Mechanism (CBAM) is due at the end of February 2024. According to the Financial Times, the European Commission provided statistics on the first application. The number of reports of carbon-intensive products from China is far more than twice that of other countries. Taiwan is also among the top 5, slightly surpassing India. Why? CBAM has been on trial in October 2023, and the first carbon data was originally scheduled to be due in January 2024. Later, the EU said that it was delayed by 30 days due to technical problems and was completed at the end of last month. However, since it was the first time to declare, it was also found that there were problems such as difficulty in logging into the system and a generally low declaration completion rate. Subsequent adjustments by the CBAM enforcement agency were yet to be made. CBAM is on the road, and EU importers have made their first declarations with products in the fourth quarter of 2023. According to the declaration information obtained by the Financial Times during an interview with the European Commission, the number of carbon-intensive products from Taiwan ranks among the top five, slightly surpassing India and the EU. Of the total 13,000 reports submitted by local manufacturers, more than 5,000 entries showed that they were from Taiwan. Unsurprisingly, China ranks first in exports of high-carbon-intensive products, with about 25,000 exports; closely followed by the United States, with about 10,000 exports, more than half less than China; followed by the United Kingdom, Turkey, Taiwan and India, all The number of declarations ranges from 5,000 to 10,000; the number of declarations from South Korea and Japan is far less than 5,000. Looking at the six major industries managed by CBAM and the export output value of each country to the EU, China also ranks first, followed by Turkey, Switzerland, the United Kingdom, the Soviet Union, India and South Korea, said KPMG Managing Director
