EU Carbon Border Adjustment Mechanism (CBAM)
CBAM - CBAM Certificates (Ch IV)

EU Carbon Border Adjustment Mechanism (CBAM) CBAM-Art.23_24: Repurchase and cancellation of CBAM certificates (Articles 23 and 24)

Article 23 allows an authorised CBAM declarant to request the repurchase by the Member State of an excess of CBAM certificates held in its account, limited to a third of the certificates purchased during the previous calendar year, at the price paid by the declarant at purchase. Article 24 provides that on 1 July of each year the Commission cancels any CBAM certificates that were purchased two or more years earlier and remain in the account, without compensation.

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