COP28: Africa Could Lose $25 Billion Per Year As New EU Carbon Tax Comes Into Effect, Warns African Development Bank’s Adesina
Dr Akinwumi Adesina, President of the African Development Bank Group, cautions that the new EU carbon border tax could cost Africa $25 billion annually, impeding trade and industrialization efforts. Amidst global energy transitions and EU policy shifts, Africa faces challenges in maintaining value-added exports and needs to navigate towards sustainable energy solutions without compromising economic…
