Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
Category: South Africa
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in South Africa.
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge
There is growing attention on the concept of carbon border adjustment mechanisms (CBAMs), a hypothetical form of trade restriction intended to deal with “carbon leakage”:
There is only one month left to fine-tune possible agreements for governments to stop funding overfishing
P4G Seoul Summit unites world leaders for inclusive green recovery, serves as stepping stone for next climate COP
P4G Seoul Summit wrapped up on May 31, proclaiming global inclusive green growth in Seoul Declaration. The Summit called for global cooperation in climate change response;
The Auto Green Paper aims to address key policy issues that will create and stimulate production of electric vehicles and associated components locally whilst looking
The International Energy Agency says immediate action is needed to reshape the world’s energy sector in order to meet ambitious climate goals by 2050, including
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic
UK Export Finance will no longer back oil and gas projects overseas, shutting off a potential source of support for a major pipeline across Uganda