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“The carbon border levy creates a level playing field because the EU already has very high standards for its companies when it comes to decarbonising its industry,” said Christophe Yvetot, head of the United Nations Industrial Development Organization’s (UNIDO) Brussels office (Photo: UNIDO)

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Top UN development official defends carbon levy as 'level playing field'

The European Commission’s decision to impose tariffs on imports of carbon-intensive goods has raised concerns among developing nations about the high costs of compliance — with South Africa threatening to challenge the Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization (WTO), calling it a “protectionist” levy.

But, Christophe Yvetot, the...

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“The carbon border levy creates a level playing field because the EU already has very high standards for its companies when it comes to decarbonising its industry,” said Christophe Yvetot, head of the United Nations Industrial Development Organization’s (UNIDO) Brussels office (Photo: UNIDO)

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