ABIDJAN, Côte d’Ivoire, 7 December 2023 -/African Media Agency(AMA)/- African Development Bank Group President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added exports including steel, cement, iron, aluminium and fertilizers. Adesina said, “With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, […]

The post COP28: Africa could lose $25 billion per year as new EU carbon tax comes into effect, warns African Development Bank’s Adesina appeared first on The Guardian Nigeria News – Nigeria and World News.

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