Russia’s Strategy for the Introduction of Cross-Border Carbon Regulation in the EU

The article examines the impact of the introduction of cross-border carbon regulation in the EU in 2022, aimed at introducing customs duties on carbon-intensive goods supplied by Russia to the community. The author shows possible consequences such regulation will have for the country. The article also provides a strategy aimed at adapting the Russian economy to the increased export costs to the EU, which should accelerate the development and adoption of a Federal law regulating standards for measuring greenhouse gas emissions and fees for them, accelerate the restructuring of the Russian economy in favor of manufacturing industries. I could also help in developing a program for cooperation with the EU countries in the spheres of hydrogen energy production and export.

The introduction of a cross-border carbon tax by the EU will not lead to a reduction in greenhouse gas emissions into the Earth‘s atmosphere, where developing countries are currently the main emitters.

Within the framework of the climate agenda, based on the increasing amount of emissions in the next 20–30 years and their preservation in the Earth‘s atmosphere for 120 years, as well as taking into account the increasing number of cataclysms in the form of floods, cold and hot anomalies on Earth, it is advisable for Russia to propose UN to create a global Environmental fund, contributions to which in the form of a climate tax should be formed depending on the amount of accumulated emissions by each country over the past 60–70 years.

The fund‘s resources should be spent in three directions. The first is to help developing countries adopt renewable energy, the second is to encourage producers developing technologies for decarbonizing hydrocarbon emissions, and the third is to reward countries that have achieved the greatest success in reducing greenhouse gas emissions.

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