It is with great pleasure that we introduce our new corporate member – Kariqa, a company specializing in CBAM, the EU Carbon Border Adjustment Mechanism.
Who does CBAM apply to? Every company importing iron and steel, aluminium, cement, fertilizers, hydrogen, and electricity into the EU.
Kariqa has developed a software platform that helps EU importers address three key CBAM challenges:
1) How much will CBAM actually cost?
Based on import data, Kariqa calculates CBAM liabilities and estimates costs through the end of the year – by product and producer. This allows importers to monitor their exposure to #CBAM costs throughout the year, rather than discovering the amount only when preparing their annual declaration.
2) How can importers obtain data from non-EU producers?
Producers enter their data directly into Kariqa through a guided form tailored to CBAM requirements. Once entered, the data can be used for relevant imports from that producer within the same reporting year – eliminating the need to exchange extensive spreadsheets and spend time reconciling data.
3) How can unnecessary CBAM costs be avoided?
If an importer does not use verified actual emissions data from the producer, default values set by the European Commission apply. Kariqa enables the collection of actual emissions data and the preparation of documentation for verification. For producers whose emissions are lower than the applicable default values, this can significantly reduce the importer’s CBAM financial liability.
Behind Kariqa is a team of EU ETS experts with experience in emissions verification and hands-on involvement in CBAM since the mechanism was introduced. The company works with importers and producers from Croatia and the wider region, while its solution is designed for the entire EU market.
Compliance, digitalization, and cleaner supply chains are goals that XEnergy also actively promotes. Co-founders Ana Jurjević and Petra Tomulić emphasize:
“CBAM will be paid in 2027, but the decisions are being made now – every import made in 2026 will already be included in the first declaration, with payment due by 30 September 2027. XEnergy membership connects us with the industrial and energy sectors that are among the first to feel the impact of these obligations, and we believe that the transition is accelerated by practical tools, not additional administration.”
We look forward to working together and bringing new and highly relevant topics into XEnergy’s activities – and CBAM is certainly one of them.
Welcome to XEnergy, Kariqa!
