The main risks for Russia from the introduction of a carbon tax are identified – Rosbalt

In Russia, basic industries are at greatest risk from the introduction of a cross-border carbon tax in the EU. Deputy Minister of Industry and Trade Viktor Yevtukhov announced this today at the ESG – (P) Evolution congress.

According to him, we are talking, among other things, about metallurgy, the chemical industry and the timber industry. RBK.

However, the deputy minister pointed out, the companies are carrying out environmental modernization of production.

For his part, the vice-president of the Russian Union of Industrialists and Entrepreneurs David Yakobashvili, speaking at the congress, noted that the whole world is now moving towards a more environmentally friendly business. In his opinion, Russia is “slightly” behind and should close this gap. “I think that in Russia, when a business takes up something, it does it faster than anyone else, and can catch up,” concluded Yakobashvili.

In his opinion, the situation with the spread of coronavirus, as well as changes in the environment, pushed the company with “leaps and bounds” towards the environmental agenda.

Let us also remind that back in early August, analysts of the Petromarket research group calculated that Russian exporting companies could pay 760 billion rubles for the cross-border carbon tax in Europe. over 10 years, but most of this amount is offset by the increase in prices for taxable products caused by the introduction of the carbon tax.

“In total, for the aluminum industry, gas chemistry, cement industry, ferrous metallurgy, deductions for import carbon tax for importing products from Russia to the EU as a whole for 10 years from 2026 to 2035, according to our estimates, will amount to just over 760 billion rubles in 2021 prices. years ”, – PRIME cited excerpts from the relevant research.

Earlier, on July 14, 2021, the European Commission announced its proposals to reduce harmful emissions. In addition to the cross-border carbon regulation mechanism, they have set new targets for the emission of carbon dioxide from cars. So, it is assumed that by 2025 it will decrease by 15%, by 2030 – by 55%, and in another five years the EU plans to completely switch to “clean” cars.

Commenting on this initiative, the Ministry of Economic Development (MED) of the Russian Federation stated that the idea of ​​introducing taxes on goods imported into the European Union, depending on their carbon footprint, would affect Russian supplies of iron, steel, aluminum, pipes, electricity and cement in the amount of $ 7.6 billion.

The ministry explained that the mechanism of cross-border carbon regulation developed by the European Commission assumes that metals, pipes, fertilizers, cement and electricity can be imported into the EU only on condition that each ton of carbon dioxide emissions generated during their production is paid. The initiative stipulates that the price of a ton of gas will correspond to the average price determined at auctions within the EU emissions trading system.

At the same time, the head of the Ministry of Economic Development Maxim Reshetnikov expressed the hope that the EU would ensure the compliance of the document with the WTO norms, the UN Framework Convention on Climate Change and other international agreements. He also questioned that the proposed EU mechanism and the fight against climate change are interconnected.

According to Reshetnikov, the Paris climate agreement guarantees countries the right to determine which method of combating climate change is most effective for them. “The global problem can be solved only through coordinated actions of all countries. Moreover, the UN Framework Convention on Climate Change directly states that measures to combat climate change should not be used to restrict international trade, ”the minister said.

Source: Росбалт by

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