Trending
- Africa’s food crisis deepens as one billion people unable to afford heathy diet
- Dangote Refinery breaks ground, set to process one million barrels in debut
- President Ruto’s relentless efforts to boost Kenya’s agricultural productivity
- Africa will need pragmatism, not idealism, to achieve a just energy transition
- AfDB warns of $25 billion drain on Africa with new EU carbon tax
- Shareholders pressure Glencore spin off and disposal of coal business in two years
- Airtel Africa launches new data centre business Nxtra
- How Africa can cushion the blow of China’s economic slowdown
Browsing: 莫桑比克
![Mozal Aluminium. Mozambique’s aluminum exports may be exposed to an annual CBAM levy in the order of €350 million per year. [Photo/Mozal Aluminium]](https://theexchange.africa/wp-content/uploads/2022/11/Mozal-Mozal-Aluminium_Mozal-Aluminium-1024x458.jpg "Is the EU Carbon Border Adjustment Mechanism good for Mozambique’s aluminium exports?")
Mozambique may, however, be offered a lifeline. In its recent position on CBAM, the European Parliament has proposed an amendment to the CBAM legislation through which revenues generated by the CBAM levy could be used to finance least developed countries’ efforts towards the decarbonisation of their manufacturing industries.
If accepted, the funding could be applied to support the implementation of a green industrialization process in the country fuelled by accelerated investments in Mozambique’s unique renewable energy assets.
The trialogues between the European Parliament, the Commission, and the Council on the design and implementation of the CBAM are expected to continue in the coming weeks, which will lead to a decision on the final form of the CBAM. The result of these discussions will show to what extent the EU will walk the talk on realizing a green transition that “leaves no one behind” and ensures that it supports countries like …