Sustainable Growth

Monday, 29 January 2024

Global Perspectives on the European Union's Carbon Border Adjustment Mechanism (CBAM)

  • Year: 2023
  • Organisation: TIPS
  • Author(s): Dominic Ramos
  • Countries and Regions: South Africa

This Working Paper offers an overview of how governments in the Global South are responding to the EU CBAM, in contrast to responses from developed nations. It examines the background and essential measures of CBAM in relation to the reactions of major transnational groupings and the effects of CBAM on primary trading partners. Furthermore, it aims to analyse the differences in responses and approaches to the EU CBAM from African countries, BRICS (Brazil, Russia, India, China and South Africa) nations, and developing countries such as the United States (US), Japan, the United Kingdom (UK)
and Canada.