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Russian exporters will lose from $ 3 billion to $ 4.8 billion a year from the introduction of a carbon tax in the EU
Technology

Russian exporters will lose from $ 3 billion to $ 4.8 billion a year from the introduction of a carbon tax in the EU 

This is about the introduction of a carbon tax on imports of goods, which the European Commission can introduce as part of the European Green Deal in order to create a competitive advantage for foreign companies with low greenhouse gas emissions.

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According to analysts, Russia will be one of the countries most affected by the tax, as it is the second largest carbon-intensive export to the European Union (EU) after China. BCG believes the levy could be introduced in late 2021 or early 2022.

The Boston Consulting Group (BCG) previously reported that Russian exporters would lose $ 3 billion to $ 4.8 billion annually if introduced such a tax on carbon dioxide emissions.

A border carbon corrective mechanism, if introduced by the EU, must comply with WTO norms and not impede mutual trade, according to the website of the Ministry of Economic Development.

“If introduced, the border carbon corrective mechanism should be non-discriminatory, corresponding to WTO norms and not creating obstacles in mutual trade. Our approaches are supported by other WTO members, including China and the United States, “the Ministry of Economic Development believes.

It is noted that the uncertainty of the parameters of the future mechanism does not allow us to reliably assess the possible losses of companies supplying their products to the markets of the EU countries.

carbon collection

At the same time, at present, the possible form of such a mechanism in the EU itself has not yet been determined. “The Ministry of Economics is in constant contact with the EU partners on this issue, including at the WTO platform. The last time in a bilateral format this topic was raised at a meeting of Minister Maxim Reshetnikov with the head of the European Union Delegation to Russia Markus Ederer in early July, ”the Ministry of Economic Development and Trade added. : ///

Record Russian exporters will lose from $ 3 billion to $ 4.8 billion a year from the introduction of carbon tax in the EU first appeared TEKNOBLOG .

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