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This thesis introduces a comprehensive framework for assessing the carbon footprint of suppliers, focusing on the iron and steel and aluminum sectors, to comply with the European Union's Carbon Border Adjustment Mechanism (CBAM). The necessity for this framework stems from the EU's Green Deal, aimed at reducing global carbon emissions and minimizing carbon leakage by imposing taxes on imports based on their carbon emissions. This research outlines a meticulous approach to gathering import data to identify top sectors exported from India to the EU, which are significant contributors to global emissions. By detailing the import volumes and associated emissions, the framework assists in pinpointing critical areas for compliance and improvement. The document details the development of a specialized tool designed to help operators accurately calculate their emissions. This tool simplifies the complex process of emissions calculation, ensuring that suppliers can comply with the CBAM regulations effectively and efficiently. It integrates advanced monitoring, reporting, and verification (MRV) methodologies, facilitating precise emissions tracking and enhancing compliance capabilities. The framework not only aids suppliers in regulatory compliance but also encourages strategic industry adaptations to global carbon reduction efforts. It underscores the economic implications and environmental benefits, aiming to maintain competitiveness in a carbon-conscious global market and support broader decarbonization initiatives.
Key words: CBAM, emissions, carbon footprint framework, carbon leakage, assessment tool.
