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Unilateral trade measures - like the EU's Carbon Border Adjustment Mechanism, which will be in full force from 2026 - will have a "devastating" effect on the South African economy, according to Forestry, Fisheries and Environment Minister Barbara Creecy.
Speaking to News24 on the sidelines of the United Nations Climate Change Conference, COP28, in Dubai, UAE, Creecy said there is a strong view from developing nations that unilateral trade measures should not be imposed on them.
South Africa is part of a few negotiation blocs – the G77 +China, the African Group of Negotiators (AGN) and BASIC (which includes Brazil, China, India) – that have raised concern at this year's climate talks that the trade measures imposed by certain developed nations go against the principles of the Paris Agreement.
