South Africa must prioritise decarbonisation, as $1.5bn of exports to EU are at risk

South Africa should prioritise its decarbonisation strategy, as it has a carbon intensity much higher than most countries, and $1.5-billion of exports to the European Union (EU) are at risk in the short term. That figure is likely to increase when more products are covered under the EU’s Carbon Border Adjustment Mechanism (CBAM), said policy development research institution Trade and Industrial Policies Strategies (TIPS).