SA’s low carbon taxes will send money to EU coffers
About $1.5bn in SA exports to the EU are at risk because of the carbon border adjustment mechanism
27 July 2023 - 05:00
The Treasury’s phased implementation of carbon taxes could leave some of SA’s exports to the EU more exposed to high import tariffs once the EU starts charging carbon border taxes.
SA’s carbon tax rate is expected to reach $20 a tonne by 2026 and $30 by 2030, which would put local carbon prices far below the EU’s, whose current carbon tax rate is about €90 per tonne...
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