Africa > EU carbon border tax could cut $16 bln from Africa’s GDP -experts

EU carbon border tax could cut $16 bln from Africa’s GDP -experts

Published 11:20 on February 23, 2023  /  Last updated at 02:22 on February 24, 2023  / /  Africa, CBAM, EMEA, EU ETS, International

The EU's carbon border adjustment mechanism (CBAM) could wipe some $16 billion off Africa's total GDP, experts told a webinar, with the continent seen as among the most exposed to the divisive policy.
The EU's carbon border adjustment mechanism (CBAM) could wipe some $16 billion off Africa's total GDP, experts told a webinar, with the continent seen as among the most exposed to the divisive policy.


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