CAPE TOWN - A new report by the Reserve Bank suggests the country's economy could be severely impacted if carbon taxes are imposed on it’s exports.
The EU is heading towards a regime of punishing importers with goods whose manufacturing affects the environment.
The Bank says in the worst case scenario, nine-percent of the country's GDP could be wiped out by 2050 should all exports be affected.
Director and Chief Economist at Econometrix, Dr Azar Jammine spoke to eNCA on thuis topic.