GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
South Africa Remains Underprepared for CBAM
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2024-11-14
South Africa is concerned about how to reduce carbon emissions and comply with international standards. Experts speculate that by 2030, South Africa's GDP may decrease by about 0.3% as a result of CBAM. South African International Fiscal Association (IFA) explained the urgency of CBAM to the press. Johann Hattingh, IFA consultant and professor of international tax law at the University of Cape Town, said that the EU has completed preparations in the CBAM transition period. South African exporters have just over a year left to cope with. As South Africa has an intensive energy industry and it is subject to one of the lowest carbon tax rates in the world, local exporters must speed up their preparations. According to CBAM regulations, from January 2026, South African importers may face paying fines for greenhouse gas emissions from their products. The EU plans to expand the list of target industries in 2030. South Africa is one of the 15 countries most impacted by CBAM, among China, Brazil, India and other countries. Seutame Maimele, an economist at Trade and Industrial Policy Strategy, TIPS, pointed out that with the CBAM Q4 report released at the end of October, South Africa needs to establish a complete "Monitoring, Reporting, and Verification (MRV)" system as soon as possible. However, the verification process is expensive and must rely on international consultants who would charge quite a lot to provide regulation-compliant ESG reports. If South Africa companies need to develop their own MRV systems, it could take at least 5 years by estimate.
南非
歐盟
碳邊境調整機制
減碳
國際財政協會
碳稅
ESG
CBAM
South Africa
EU
South African International Fiscal Association
carbon reduction
carbon tax
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印度新德里螺絲展
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墨西哥瓜達拉哈拉螺絲展
美國拉斯維加斯螺絲暨機械設備展
波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
wire Dusseldorf
FASTENER FAIR INDIA
FASTENER FAIR VIETNAM
FASTENER FAIR MEXICO
FASTENER POLAND
FASTENER FAIR ITALY
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2024-11-06
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