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. In this series on Future Cities Africa, we unpack its implications on business, building business resilience, key opportunities, where to find support, and much more. “Preparing Western Cape businesses for CBAM challenges and opportunities", is 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 TIPS (NPC) Watch/ Read here: https://lnkd.in/eDgtP5kT - Ilse van Schalkwyk - Chief Director: Economic Sector Support, Western Cape Department of Economic Development and Tourism Watch/ Read here: https://lnkd.in/d4sks7MN - Karen Bosman - Head: Advocacy & Advisory at Wesgro Watch/ Read here: https://lnkd.in/d_ad-ceq
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[New Future Cities Africa episode] 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. 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 AND INDUSTRIAL POLICY STRATEGIES In this series of episodes, we will unpack its implications on business, building business resilience, key opportunities, where to find support, and much more. Watch or read the summary https://lnkd.in/eDgtP5kT
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🇹🇹 The majority of stakeholders support implementing Border Carbon Adjustments (BCAs) in Trinidad and Tobago, but fear reduced competitiveness and economic impacts. Preeya Mohan (The University of the West Indies) recommends that Trinidad and Tobago: ▶ Participates in international discussions on BCA design to advocate for phased exemptions ▶ Develops robust Measurement, Reporting and Verification (MRV) systems to measure and verify domestic carbon emissions accurately ▶ Introduces a carbon tax & more ⤵
Stakeholder perspectives on border carbon adjustments: Trinidad and Tobago's balancing act between competitiveness and climate action
tandfonline.com
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Towards New Perspectives: The ACP-EU Samoa Agreement Secretariat of the Organisation of African, Caribbean and Pacific States (OACPS) European Parliament Vice President Marc Angel The recent signing of the Samoa Agreement marks a significant milestone in the relations between the African, Caribbean, and Pacific (ACP) countries and the European Union (EU). This agreement opens up new avenues for cooperation in key areas such as fair trade, sustainable development, and governance. The Samoa Agreement places sustainability at its core, with a focus on environmental protection and combating climate change. It also offers opportunities to enhance trade capacity and reduce economic inequalities within ACP countries. In parallel, ACP countries are preparing to meet their European parliamentary counterparts, providing a valuable opportunity to strengthen cooperation and mutual understanding. Together, ACP countries and the EU are committed to seizing the opportunities presented by the Samoa Agreement for a more prosperous and sustainable future. This promising partnership paves the way for new perspectives on development and progress for all regions involved.
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Experienced Sustainability Strategist | Project Management | Strategic Planning & Innovation | Financial Evaluation | Vice-President, Sustainable Energy Development at National Energy Corporation of Trinidad and Tobago
A perspective of the impact of border carbon adjustments on T&T
Senior Fellow, Sir Arthur Lewis Institute of Social and Economic Studies, University of the West Indies, St Augustine | Climate Finance | Disasters | Climate Impacts & Vulnerability | Knowledge Economies & Innovation
Border Carbon Adjustments (BCAs) are emerging as a critical tool in the global fight against climate change. As countries strive to reduce greenhouse gas emissions, the risk of carbon leakage—where production shifts to countries with less stringent climate policies—becomes increasingly prominent. To address this challenge, many jurisdictions are considering or implementing BCA measures, which impose tariffs on carbon-intensive imports. This new country report in collaboration with International Institute for Sustainable Development focuses on the potential implications of BCA schemes on Trinidad and Tobago. It examines the potential short-term impacts on key sectors, such as energy, petrochemicals, and manufacturing, and assesses the broader economic consequences. By engaging with a diverse range of stakeholders, this study provides valuable insights into the challenges and opportunities presented by BCAs for Trinidad and Tobago. Ultimately, this report aims to contribute to informed policymaking by offering recommendations on how to mitigate potential negative impacts while positioning Trinidad and Tobago as a leader in sustainable development. #BCA #TrinidadandTobago #climatepolicy #socioeconomicimpact #environmentalimpact https://lnkd.in/ePYn3E-y
Border Carbon Adjustments: Trinidad and Tobago country report
iisd.org
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Explore the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Africa at the upcoming webinar hosted by Creamer Media on behalf of ESG Africa Conference on June 5, 2024, at 2 PM. As CBAM introduces new compliance challenges and opportunities, this session will provide crucial insights into how African businesses can adapt. Learn from industry experts about managing risks and leveraging new regulations to your advantage. 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐭𝐨𝐝𝐚𝐲 > https://ow.ly/47eP50RFGnE #Webinar #SustainableAfrica #EUETS #ClimateEconomy
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Explore the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Africa at the upcoming webinar hosted by Creamer Media on behalf of ESG Africa Conference on June 5, 2024, at 2 PM. As CBAM introduces new compliance challenges and opportunities, this session will provide crucial insights into how African businesses can adapt. Learn from industry experts about managing risks and leveraging new regulations to your advantage. 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐭𝐨𝐝𝐚𝐲 > https://ow.ly/47eP50RFGnE #Webinar #SustainableAfrica #EUETS #ClimateEconomy
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Explore the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Africa at the upcoming webinar hosted by Creamer Media on behalf of ESG Africa Conference on June 5, 2024, at 2 PM. As CBAM introduces new compliance challenges and opportunities, this session will provide crucial insights into how African businesses can adapt. Learn from industry experts about managing risks and leveraging new regulations to your advantage. 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐭𝐨𝐝𝐚𝐲 > https://ow.ly/47eP50RFGnE #Webinar #SustainableAfrica #EUETS #ClimateEconomy
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Explore the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Africa at the upcoming webinar hosted by Creamer Media on behalf of ESG Africa Conference on June 5, 2024, at 2 PM. As CBAM introduces new compliance challenges and opportunities, this session will provide crucial insights into how African businesses can adapt. Learn from industry experts about managing risks and leveraging new regulations to your advantage. 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐭𝐨𝐝𝐚𝐲 > https://ow.ly/47eP50RFGnE #Webinar #SustainableAfrica #EUETS #ClimateEconomy
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As an export led Province, work regarding CBAM and our role in assisting businesses with their own decarbonisation journey is critical. Listen to the 3 episode podcast series where we unpacked what CBAM is all about and how we can assist you. Western Cape Government Wesgro Karen Bosman Helen Davies GreenCape
Energy Programme Manager & Climate Finance Lead at GreenCape | INETTT Chairperson | 2024 Africa Leadership Initiative – Young Leaders Fellow | #MG200Young | #100YoungMandela’s
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 Ilse van Schalkwyk, Chief Director: Economic Sector Support, within the branch Economic Operations in the Western Cape Department of Economic Development and Tourism. https://lnkd.in/ddYestHR
Preparing Western Cape Businesses for CBAM Challenges and Opportunities: Episode 2 - Ilse van Schalkwyk
futurecitiesafrica.com
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Explore the implications of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Africa at the upcoming webinar hosted by Creamer Media on behalf of ESG Africa Conference on June 5, 2024, at 2 PM. As CBAM introduces new compliance challenges and opportunities, this session will provide crucial insights into how African businesses can adapt. Learn from industry experts about managing risks and leveraging new regulations to your advantage. 𝐑𝐞𝐬𝐞𝐫𝐯𝐞 𝐲𝐨𝐮𝐫 𝐬𝐩𝐨𝐭 𝐭𝐨𝐝𝐚𝐲 > https://ow.ly/47eP50RFGnE #Webinar #SustainableAfrica #EUETS #ClimateEconomy
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