Only four out of 46 low- and lower-middle-income countries in Africa are considering adopting carbon caps or taxes to avoid tens of billions of dollars of predicted losses from new European border charges on their polluting exports, new analysis shows.
Cote d’Ivoire, Morocco, Nigeria, and Senegal are the only countries to have proposed carbon pricing policies in response to the European Union’s new Carbon Border Adjustment Mechanism, or CBAM, according to World Bank data evaluated by the Center for Global Development think tank.
Across the world, of 70 low- and lower-middle-income countries, only Ukraine has taken the step to adopt a carbon pricing scheme. One other country, Vietnam plans a carbon pricing scheme, while Pakistan is also contemplating it.
About the author
Rob Merrick
Rob Merrick is the U.K. Correspondent for Devex, covering FCDO and British aid. He reported on all the key events in British politics of the past 25 years from Westminster, including the financial crash, the Brexit fallout, the "Partygate" scandal, and the departures of Boris Johnson and Liz Truss. Rob has worked for The Independent and the Press Association and is a regular commentator on TV and radio. He can be reached at rob.merrick@devex.com.
