April 27, 2023 — Europe’s Carbon Border Adjustment Mechanism (cbam) is causing the emerging world to rethink its market structure to avoid losing exports.
Some commentators are more blamey than others.
In February, South Africa gave this perspective — it hopes its market structure will be recognized by the EU. Exports to the EU may fall 4% by 2030:
Source: full reported published below. See also this.
LinkedIn thoughts this week after the EU set its mechanism a little firmer…see link at top and:
Europe has tightened its carbon market, the world’s largest, so prices could remain high. There is always the risk a technological breakthrough will dampen prices.