Investment Times

The first comprehensive study focusing on the implications of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) on Africa has been released by the African Climate Foundation (ACF) and the Firoz Lalji Institute for Africa at the London School of Economics and Political Science (LSE).  The report raises concerns about the economic ramifications of the CBAM on Africa, as it is likely to hit the competitiveness of African exports, particularly industrial exports if product coverage expands over time. It also notes that the CBAM process introduces administrative hurdles to market access by African countries, which historically struggled to access the...