South Africa Wants Same EU Carbon Border Tax Flexibility as US

South Africa appealed to the European Union to reconsider its planned implementation of an expanded levy on carbon-intensive imports and requested the same flexibility that has been promised to the US.

The EU’s so-called carbon-border adjustment mechanism, or CBAM, could end up stifling efforts by South Africa and other developing countries to address climate change and decarbonize their economies, the nation’s Department of Trade, Industry and Competition said in a letterto the European Commission. It pointed to a US-EU framework on balanced trade reached last week in which Europe pledged to work toward providing options around implementation of the ...