The Carbon Border Adjustment Mechanism stands to negatively affect the continent
Amendments to offset regulations published on 8 July give clarity on big emitters carrying old carbon credits to a new framework
The ambitious targets are not set in stone until they are deposited at the United Nations Framework Convention on Climate Change later this year, while legislative processes vary between countries that have stated their mitigation
South Africa’s latest proposed reduction targets on greenhouse gas emissions, while an improvement on before, do not go far enough to avert a disastrous rise in global temperatures this century.
Meeting the new 2030 emissions-reduction target will require an estimated €350-billion of additional investment annually. But this figure pales in comparison to the costs of doing nothing