Africa > EU CBAM could shrink South Africa’s exports 10% by 2050 -central bank

EU CBAM could shrink South Africa’s exports 10% by 2050 -central bank

Published 17:01 on May 20, 2024  /  Last updated at 17:01 on May 20, 2024  / /  Africa, Carbon Taxes, CBAM, EMEA, International

South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.
South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.