Russia Saw in the New Tax of Europe Insurmountable Barriers
In the current version of cross-border carbon regulation, the minister sees signs of laying the cost of CO2 in the price of electricity imports to Europe. "If we do not really pursue the goals of reducing or capturing CO2, do not prove in practice that this is our goal, then everything will be reduced to protectionism, closing markets, cutting off technologies, segregation", - Reshetnikov said.
Central Asia, India, some countries of the Asia-Pacific region have not yet reached the peak of energy consumption and need cheap energy sources. The minister is sure that such economic measures of the European Union can make the gap between developed and developing countries insurmountable.
In mid-July, the European Commission presented a new action plan to save the environment, including proposing a cross-border carbon tax on the supply of certain products to the European Union, including metals, cement and fertilizers. New fees for Russian companies can cost multibillion-dollar losses.
The Boston Consulting Group (BCG) estimates that the fee could range from $1.8 billion to $3.4 billion in 2026, and rise to $3.5 billion to $6.5 billion by 2030.