Exporters cannot ignore carbon footprint
CALCULATING AN ORGANISATION’S CARBON FOOTPRINT NO LONGER NEEDS TO BE A GUESSING GAME SA’s economic survival in a post-Covid world depends significantly on trade. However, the ability to trade internationally depends on an enterprise’s compliance with worldwide standards and regulations, which often involve various trade tariffs. As part of a global shift towards climate-change action , carbon tariffs on imported goods are in the pipeline for regions such as Japan, Europe and the US, in line with the US Clean Energy Security Act. This imposes a carbon tariff on certain developing countries that do not take mandatory emission reduction measures. This means countries need to track and monitor their carbon emissions to be able to export goods, while calculating their carbon tariff s. This is where trade is headed, from a commerce and consumer choice perspective, so competitiveness will depend on a trade organisation’s ability to quantify its carbon consciousness and provide evidenc...