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AfDB reiterates warning on carbon border tax

The African Development Bank has reiterated that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods as part of …

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Technology to drive oil, gas industry methane emission targets

The launch at COP28 of the landmark Oil and Gas Decarbonization Charter (OGDC), a global industry Charter dedicated to speeding up climate action and achieving high-scale impact across the oil and gas sectors, firmly put the spotlight on the millions of tons of methane (CH4) pumped into the atmosphere during …

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Caterpillar develops first battery electric prototype

Caterpillar Inc. has successfully demonstrated its first battery electric prototype for an underground mining truck. According to the company, the development is added to the company’s growing portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving …

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Reflections on mining in Africa, and its bold new future

Considering the theme of the Investing in African Mining Indaba 2024– Embracing the power of positive disruption: A bold new future for African mining –the term ‘disruption’ has come to describe a raft of rapid technological and other advancements that have significantly changed the way we do business today. “Perhaps …

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EU carbon tax to short-change Africa in trade

New European Union (EU) carbon border tax could significantly constrain Africa’s trade and industrialization progress, the Africa Development Bank (AfDB) has warned.   AfDB President, Dr Akinwumi Adesina said the carbon tax will penalise value-added exports including steel, cement, iron, aluminium and fertilizers.   “With Africa’s energy deficit and reliance mainly on …

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