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.


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