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Excerpt from www.news24.com
South Africa is considering lodging a formal complaint at the World Trade Organisation against the European Union’s “protectionist” carbon border levy, Trade Minister Ebrahim Patel said on Wednesday.
The EU’s proposed carbon border adjustment mechanism (CBAM), which will impose charges on imports of carbon-intensive goods like steel and cement into Europe, has faced criticism from some developing nations and sectors including China’s steel industry.
In October, the EU launched a trial phase of the world’s first carbon border levy, which from 2026 will impose costs on imports of steel, cement, aluminium, fertilisers, electricity, and hydrogen.
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