In the energy sector, risk is not new.
It has always existed — in sourcing, in transportation, and in production itself.
What has changed is this: risk now has to be disclosed.
The question is no longer just where a product comes from.
The question is whether you can demonstrate how it was produced, how it was transported, and how it reached you.
Within the framework of CBAM and the evolving regulatory landscape, this means:
– traceability of origin
– visibility over the energy mix
– compliance with emissions requirements
This fundamentally changes how transactions are structured.
Risk does not disappear. It becomes measurable, documented, and verifiable.
And once risk becomes visible, it starts to directly impact:
– pricing
– market access
– whether a transaction can take place at all
Until recently, this was a question of efficiency.
Today, it is a question of access and competitiveness.