{"id":80423,"date":"2024-11-12T09:06:00","date_gmt":"2024-11-12T09:06:00","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential"},"modified":"2024-11-12T09:06:00","modified_gmt":"2024-11-12T09:06:00","slug":"green-trade-with-the-eu-holds-high-potential","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential","title":{"rendered":"Green trade with the EU holds high potential"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span> <\/b><\/p>\n

A promising avenue emerged for Namibia\u2019s green industries to access European markets, as the union\u2019s Carbon Border Adjustment Mechanism (CBAM) offers a competitive edge for the country\u2019s eco-friendly exports<\/p>\n

This revolutionary initiative was discussed at the Namibia-EU Trade and Sustainability Conference in Windhoek last week and aims to encourage global adherence to strict climate standards by imposing carbon pricing on imported goods, supporting Namibia\u2019s green industrialisation vision.<\/p>\n

James Mnyupe, Namibia\u2019s Green Hydrogen Commissioner, pointed to CBAM\u2019s implication in providing a preferential pathway for Namibian green products such as green iron and ammonia.<\/p>\n

\u201cThese products, developed sustainably, meet high environmental standards that align with CBAM\u2019s requirements, granting Namibia a valuable opportunity to expand its market presence in Europe,\u201d he said.<\/p>\n

Mnyupe stressed that Namibia\u2019s green iron, sourced from projects like Hyiron-Oshivela, stands to gain from CBAM\u2019s environmental standards, which the European Union is reinforcing to drive global emissions reduction.<\/p>\n

\u201cThis mechanism promises Namibia\u2019s green products a head start by offering access to EU markets under favourable carbon-related terms,\u201d he said.<\/p>\n

The EU\u2019s CBAM is currently in a transition phase but is set to impact international trade significantly, promoting sustainable practices by holding all producers, domestic and foreign, to the same high standards.<\/p>\n

According to EU Ambassador to Namibia, Ana Beatriz Martins, CBAM does more than just create a level playing field; it opens a door for countries like Namibia to access European markets with green products.<\/p>\n

She said that Namibia\u2019s commitment to producing green iron could place it advantageously in the EU\u2019s eco-conscious market, adding, \u201cNamibia\u2019s green iron is destined to highly benefit from CBAM.\u201d<\/p>\n

Lucia Iipumbu, Namibia\u2019s Minister of Industrialisation and Trade, stated that Namibia is committed to sustainable trade and its ambitions for a low-carbon economy.<\/p>\n

She recognised CBAM as a potential driver of economic growth for Namibia, enabling the country to leverage its natural resources responsibly.<\/p>\n

\u201cCBAM aligns well with Namibia\u2019s objectives to reduce emissions, highlighting Namibia\u2019s broader ambition to position itself as a leader in climate action within Africa,\u201d she said.<\/p>\n

Namibia\u2019s green industries have already gained attention for their climate-conscious approach, particularly through initiatives in renewable energy and low-carbon manufacturing.<\/p>\n

The Hyiron-Oshivela project, which produces green iron, demonstrates Namibia\u2019s shift towards sustainable, innovative industry models.<\/p>\n

\u201cBy utilising renewable energy in the iron production process, the project not only minimises carbon emissions but also aligns seamlessly with the EU\u2019s environmental directives, creating an appealing product for the European market,\u201d she said.<\/p>\n

The EU\u2019s trade frameworks, including CBAM, also encourage ethical practices across supply chains, emphasising human rights and fair labour standards.<\/p>\n

Iipumbu said that Namibia\u2019s adherence to these frameworks demonstrates the country\u2019s commitment to sustainable development and ethical trade practices, further enhancing its appeal as a trade partner in the EU market.<\/p>\n

\u201cThe Namibian government aims to strengthen local skills, transparency, and compliance to meet these standards and continue accessing high-value international markets,\u201d she said.<\/p>\n

Ipumbu added that CBAM represents a key chance for Namibia to align with global climate priorities while boosting trade relations and promoting green industrialisation.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. A promising avenue emerged for Namibia\u2019s green industries to access European markets, as the union\u2019s Carbon Border Adjustment Mechanism (CBAM) offers a competitive edge for the country\u2019s eco-friendly exports This revolutionary initiative was discussed at the Namibia-EU Trade and Sustainability Conference in Windhoek last week and aims to encourage global adherence to […]<\/p>\n","protected":false},"author":84,"featured_media":80422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-80423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nGreen trade with the EU holds high potential - Namibia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green trade with the EU holds high potential\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Namibia. A promising avenue emerged for Namibia\u2019s green industries to access European markets, as the union\u2019s Carbon Border Adjustment Mechanism (CBAM) offers a competitive edge for the country\u2019s eco-friendly exports This revolutionary initiative was discussed at the Namibia-EU Trade and Sustainability Conference in Windhoek last week and aims to encourage global adherence to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-12T09:06:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Green trade with the EU holds high potential\",\"datePublished\":\"2024-11-12T09:06:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\"},\"wordCount\":545,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/11\/Hazrati1731389770.311968.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/green-trade-with-the-eu-holds-high-potential\",\"name\":\"Green trade with the EU holds high potential - 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