Carbon border adjustment scheme raises anxiety among SA exporters
Companies in countries that are carbon-intensive, such as South Africa, may face carbon border adjustment tariffs that are also linked to Scope 3, or indirect, emissions as the European Union (EU) is assessing methods to include these emissions in the carbon border adjustment mechanism (CBAM) scheme. Non-profit economic research institution Trade & Industrial Policy Strategies (TIPS) economist Seutame Maimele notes that this process remains in the assessment stage.