New central bank framework needed to safeguard South African economy from foreign carbon price policies -study

Published 23:55 on September 27, 2022  /  Last updated at 00:37 on September 28, 2022  /  Africa, Carbon Taxes, CBAM, EMEA, International  /  No Comments

In order to maintain financial stability and manage monetary policy, South Africa’s central bank needs to develop a framework to monitor and estimate the impact of international climate mitigation policies, in particular carbon border adjustment mechanisms (CBAMs), on the country’s economy.

In order to maintain financial stability and manage monetary policy, South Africa’s central bank needs to develop a framework to monitor and estimate the impact of international climate mitigation policies, in particular carbon border adjustment mechanisms (CBAMs), on the country’s economy.

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