Europe's Carbon Border Adjustment Mechanism Report 2021: Prospects for Russian Suppliers, Russia's Potential Response

DUBLIN, March 2, 2022 /PRNewswire/ -- The "Europe's Carbon Border Adjustment Mechanism: Prospects for Russian Suppliers, Russia's Potential Response" report has been added to ResearchAndMarkets.com's offering.

The European green policy is not only about some ideology but also about charging suppliers of goods for high carbon footprints. The launch of the Carbon Border Adjustment Mechanism (CBAM) is nearing and getting more real.

In July 2021, the European Commission published framework conditions of the CBAM implementation. It poses a serious threat to Russian exports. The new carbon regulation will add serious extra costs to exports of Russian businesses to the EU.

Apart from prospects of paying extra fees, the CBAM has sharply intensified discussions in Russia about mechanisms of climate regulation and policies in the field of carbon emissions that Russia should implement.

The new report by the National Energy Security Fund elaborates on the following issues:

• Main parameters of the CBAM. Reorganization of the Emissions Trading System. The CBAM launch schedule. The suggested carbon fee collection mechanism.
• Possible consequences of the CBAM for Russia. Initial estimations of potential losses. Main industries in the risk zone.
• Russia's reaction to the CBAM. Formation of Russia's negotiation position. Suggested variants of minimization of CBAM implications and feasibility of such measures.
• Potential beneficiaries of the CBAM in Russia. Formation of the carbon footprint reduction services sector in Russia. Utilizers, foresters and financiers.
• Main climate policy regulators in Russia. Key figures. Positions of relevant ministries and agencies.
• Formation of the regulatory framework of Russia's new climate policy. The analysis of new decrees, laws and strategies. Creation of the system to monitor greenhouse gas emissions of enterprises.
• Prospects of the introduction of carbon payments in Russia. A pilot project of a low-carbon cluster in the Sakhalin Region.
• Medium-term forecast of developments.

Key Topics Covered:

INTRODUCTION

CBAM AS NEW ECONOMIC REALITY

• The history of carbon border regulations
• Main parameters of CBAM
• CBAM as an instrument of discrimination
• Consequences of CBAM for Russia

THE POSITION OF RUSSIAN REGULATORS ON LOW-CARBON DEVELOPMENT ENFORCEMENT

• Formation of the legal framework of the new climate policy
• Climate issues in Russia's National Security Strategy
• Development of CBAM response measures
• Actions of Russian regulators in the CBAM context

MAIN BENEFICIARIES OF CBAM IN RUSSIA

• Utilizers
• Foresters
• Financiers

CONCLUSION

For more information about this report visit https://www.researchandmarkets.com/r/b2x4fo

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SOURCE Research and Markets