A UN economist urged African countries to impose their own carbon taxes in response to the EU's Carbon Border Adjustment Mechanism, warning the levy could harm Africa's industrialization. The CBAM, which came into force in December, currently affects only 6% of Africa's total exports, though African nations were not consulted during its design.
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A UN economist urged African countries to impose their own carbon taxes in response to the EU's Carbon Border Adjustment Mechanism, warning the levy could harm Africa's industrialization. The CBAM, which came into force in December, currently affects only 6% of Africa's total exports, though African nations were not consulted during its design.