Skip to content

EU carbon border tariffs could knock $16bn off Africa’s yearly GDP

Concern is growing in South Africa and across Africa about the implications of the European Union’s (EU’s) decision to proceed with the implementation of a carbon border adjustment mechanism (CBAM) as a way of preventing so-called ‘carbon leakage’ by imposing a tariff on imports equivalent to the carbon prices being paid by European companies. Engineering News, 15 February 2023.

Slide 1