Polluting companies in South Africa have had to pay a tax on their carbon emissions since 2019. This gives them a good incentive to reduce emissions.
Articles on Carbon Border Adjustment Mechanism (CBAM)
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Well-intentioned green trade policies can have adverse consequences.
Many oil and gas companies support a tax on carbon, even though they are significant emitters.
The strong trade relationship with the EU means policy changes like the border tax may have disproportionately significant effects on African economies.
Top contributors
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Senior Research Fellow, International Economic Development Group, ODI Global
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Professor in practice and strategic director at the Firoz Lalji Institute for Africa, London School of Economics and Political Science
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Assistant Professor, Economics, ESSEC
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Director of African Climate and Development Initiative, Professor in Environmental and Geographical Science, University of Cape Town
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Research Chair, African Climate and Development Initiative, University of Cape Town
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Senior Researcher on energy and climate change, University of Cape Town
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Professor of Climate Change Mitigation and Inequality, University of Cape Town
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Senior Researcher at the African Climate and Development Initiative, University of Cape Town
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Professor, University of Cape Town
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Adjunct Associate Professor, University of Cape Town
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Researcher in Renewable Energy, University of Cape Town