The proposed implementation of the Carbon Border Adjustment Mechanism (CBAM) by the European Union could significantly impact Namibia’s export-dependent economy, experts say.
The CBAM is the world’s first planned carbon tax on imported goods, aimed at curtailing the flow of “dirty commodities” into the European market.
Market watchers say the move, driven by environmental concerns, could have far-reaching consequences for Namibia, where European nations account for an average of 20% of imports.
Source: thebrief.com.na
