Jul 16 2024 24 mins
The Carbon Border Adjustment Mechanism (CBAM) is a key policy tool that forms part of the European Green Deal (EGD) to reduce net GHG emissions across Europe and abroad. Within this context, CBAM can be defined as a carbon border tax on embedded GHG emissions of carbon-intensive products imported into the EU, also from SA. It can be viewed as an opportunity to drive local businesses towards greater economic resilience and green innovation. In this series, we will unpack its implications on business, building business resilience, key opportunities, where to find support, and much more.
This episode is part of the "Preparing Western Cape businesses for CBAM challenges and opportunities", a three-part series Supported by the Western Cape Government Department of Environmental Affairs and Development Planning, produced in partnership with GreenCape, featuring Gaylor Montmasson-Clair, Senior Economist at Trade & Industrial Policy Strategies.