Ecological Council of the Eurasian Peoples' Assembly Took Part in a Meeting of the RF CCI Committee on Natural Resources and Ecology

10/07/2020 15:58

On July 10, 2020, the Russian CCI Committee on Natural Resources and Ecology and Ecological Council of the Eurasian Peoples’ Assembly held a joint meeting on “National Legislation on Regulating Greenhouse Gas Emissions and Creating a Carbon Market. Status, Problems and Prospects”.

Nowadays, there are prerequisites for the use by the EU a “carbon footprint” to introduce new conditions and restrictions on the exporters in the European market. In March 2020, the Carbon Border Adjustment Mechanism (CBA) Roadmap was published; according to it a new program is being prepared to introduce payments for cross-border carbon leaks, shifting the financial burden on exporters of products with more carbon-intensive products. This will directly affect not only the largest producers and exporters that supply their goods to the EU markets, but also the entire chain of their suppliers, which will require a global review of both the external and internal economic strategies of the Eurasian countries.

It is necessary to develop national response strategies and develop tools to support exporters, develop amendments to existing legislation regarding the regulation of greenhouse gas emissions and the transition to a full-fledged carbon market, hold consultations with economic partners within international associations of the EEU, SCO and BRICS to form a joint balanced position for negotiations with the EU.

For full consideration of the issue at the meeting were representatives of the Ministry of Economic Development, the Ministry of Energy of Russia, Ministry of Natural Resources and the Environment of the Russian Federation, the Russian Foreign Ministry, the Eurasian Development Bank, the relevant committees of the Federation Council and State Duma, the Eurasian Peoples’ Assembly, large industrial enterprises-exporters, and independent experts.

Some of the individual participants took part in the meeting in a video format.