https://en.sputniknews.africa/20240801/south-africa-slams-eus-green-fee-as-violation-of-wto-norms-1067702158.html
South Africa Slams EU's 'Green Fee' as Violation of WTO Norms
South Africa Slams EU's 'Green Fee' as Violation of WTO Norms
Sputnik Africa
The EU began phasing in the Carbon Border Adjustment Mechanism (CBAM) in late 2023, which is effectively a system of tariffs on carbon emissions when goods... 01.08.2024, Sputnik Africa
2024-08-01T16:44+0200
2024-08-01T16:44+0200
2024-08-01T17:35+0200
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Pretoria has accused the EU's new Carbon Border Adjustment Mechanism of unfairly shifting the burden of climate change onto developing countries.Trade Minister Parks Tau, speaking at a recent BRICS trade ministers meeting, argued that the mechanism, which will gradually introduce a "green duty" on imports from countries outside the EU based on their carbon emissions, contradicts WTO principles of "common but differentiated responsibility" for climate change.The South African minister called for a revision of the CBAM, highlighting the potential negative impact on South African exports.The EU, however, maintains that the CBAM is necessary to ensure a level playing field for European businesses and to incentivize global emissions' reductions. The mechanism will be fully implemented by 2034.
https://en.sputniknews.africa/20240523/south-africa-weighs-wto-complaint-against-eus-carbon-border-tax-1066691854.html
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pretoria, european union (eu), south africa, trade, world trade organization, economy, climate, climate change, europe, carbon
South Africa Slams EU's 'Green Fee' as Violation of WTO Norms
16:44 01.08.2024 (Updated: 17:35 01.08.2024) Muhammad Nooh Osman
Writer/Editor
The EU began phasing in the Carbon Border Adjustment Mechanism (CBAM) in late 2023, which is effectively a system of tariffs on carbon emissions when goods imported into the EU are produced abroad. In 2026, the EU will begin phasing in a "green duty" on all goods imported into the EU, a process that should be completed in 2034.
Pretoria has accused the EU's new Carbon Border Adjustment Mechanism of unfairly shifting the
burden of climate change onto developing countries.
Trade Minister Parks Tau, speaking at a recent BRICS trade ministers meeting, argued that the mechanism, which will gradually introduce a "green duty" on imports from countries outside the EU based on their carbon emissions, contradicts WTO principles of "common but differentiated responsibility" for climate change.
The South African minister called for a revision of the CBAM, highlighting the potential negative impact on South African exports.
The EU, however, maintains that the CBAM is necessary to ensure a level playing field for European businesses and to incentivize global emissions' reductions. The mechanism will be fully implemented by 2034.
