Category: Uncategorized

Nigerian President Bola Tinubu has announced the removal of a 50 year long petrol subsidy, a move which may incentivise renewable energy technologies in an economy heavily reliant on diesel generators. Angola recently made a similar announcement. But will it stick as given past experience and as domestic fuel costs rise?

A Kenyan county governor has made a bold move to revoke existing carbon credit contracts, similar to what happened in Zimbabwe a few weeks ago. The statements follow a push to develop more domestic regulations and guidelines to govern carbon credit activity on the continent.

The EU’s CBAM and its other green policies came under fire during the EU’s 15th Trade Policy Review at the WTO. China said it would unfairly penalise developing countries, and Russia complained it would fundamentally challenge the structure of global goods flows and the state of competition.

Zimbabwe plans to nullify existing carbon credit agreements and to claim 50% title to carbon credit revenue from offset projects, with foreign investors limited to 30%

A landmark EU deforestation law stands to significantly affect coco exports from Côte d’Ivoire and Ghana

Both the ICJ and the Loss and Damage Transitional Committee will have to answer who will pay for climate change loss and damage.

A WTO Director-General, has reportedly sent an unapproved proposal to members on the development of a global carbon pricing framework in the context of the CBAM.

The Loss and Damage transitional committee tasked with operationalising the new fund has finally been established. They will make recommendations on the design of the fund and in doing so will have to deal with contentious debates around who contributes, who benefits and where the fund will sit within the broader regime.

Energy companies are loving the US’s Inflation Reduction Act that seeks to shore up green technologies and supply chains through various financial incentives and the EU is taking its own measures to respond. However, the head of the IMF has cautioned that these moves may come at a cost to developing countries who have limited capacities to compete.

Early analyses indicate that the CBAM will negatively affect developing countries more than developed ones, and that the impact on African exports may be considerable in some sectors