DAY 7: Understanding the Carbon Border Adjustment Mechanism (CBAM)

Question 1

DIRCO

Answer 1

Department of International Relations and Cooperation

Question 2

CBAM

Answer 2

Carbon border adjustment mechanism

Question 3

What is CBAM?

Answer 3

Imposition of a carbon tariff on imported goods

Question 4

What is the carbon tarrif based on?

Answer 4

1. the level of embedded emissions in the goods
2. the carbon price paid by the manufacturers

Question 5

Where is CBAM implemented?

Answer 5

Least Developed Countries (LDC’s) such as in Africa

Question 6

afCFTA

Answer 6

African Continental Free Trade Area

Question 7

What can the Cbam transitional Phase do for the afCFTA?

Answer 7

Negotiate a better deals for African countries
- Help them transition to cleaner energy use
- Reduce the risk of becoming uncompetitive in European countries

Question 8

Decrease in African Exports to the EU %

Answer 8

Aliminium -13.9%
Iron and Steel -8.2%
Fertiliser -3.9%
Cement -3.1%

Question 9

African policymakers must urgently advocate for a more equitable approach through the…

Answer 9

G20 and AfCTFA Council of Ministers

Question 10

AfCFTA’s council of ministers: Economic engagement insight…?

Answer 10

Slower Phase-Ins

Question 11

African negotiators to centralise trade in…?

Answer 11

…finance climate negotiations such as UNFCCC and Paris Agreement Negotiations

Question 12

Estimated revenue form CBAM

Answer 12

€9.1 billion annually

Question 13

CBAM revenue to support which plans and programmes?

Answer 13

1. African Unions Green Recovery Action Plan
2. The EU’s Global Gateway Programme in Africa

Question 14

COMESA

Answer 14

The Common Market for Eastern and Southern Africa

Question 15

SADC

Answer 15

South African Development Community

Question 16

AU

Answer 16

African Union

Question 17

SAIIA

Answer 17

South African Institiute of International Affairs