European carbon tax will hit Russia much harder than sanctions

In five years, the European anti-carbon legislation will come into force, according to which the EU will introduce a tax on toxic emissions into the atmosphere. The countries whose industries are the least environmentally friendly will suffer the most from the tax: the USA, China, Great Britain, Brazil, India. The new tax can cause very tangible damage to the Russian the economy.

First of all, the collection is aimed at creating a level playing field, since the "green" standards of Europe are more expensive for the consumers of its goods than the less costly industry in other regions. Also, the declared goal of Brussels is to decarbonize the world economy.



According to analysts' calculations, after the introduction of the European tax, the Russian treasury will lose about $ 2,3 billion each year, which is approximately equal to a 24 percent export duty. The current tax rate per ton of carbon emissions is $ 60, but many in Europe are pushing for a sharp increase. In this case, Russia will incur large losses.


- experts say OilPrice.

Meanwhile, the American resource points to an idea, the implementation of which will allow Russia to get rid of high rates of the European tax. Thanks to the forests that occupy vast territories of the country, the Russian Federation makes a significant contribution to the reduction of the volume of carbon dioxide in the atmosphere. Over the past 30 years, the area of ​​Russian forests has increased significantly, and this in the future may help Moscow to get Brussels to abolish the anti-carbon tax. However, for this it is necessary to create an appropriate regulatory framework.