Brazil, Russia, India, China and South Africa may strongly oppose the proposed Carbon Border Adjustment Mechanism (CBAM) by the European Union at the 13th BRICS Summit on Thursday as the five developing countries will likely be the biggest losers from its implementation. In a veiled reference to CBAM, BRICS trade ministers last week cautioned that any measure to tackle climate change must be in conformity with multilateral trading rules and shouldn’t put arbitrary restrictions on international trade.
Category: Russian Federation
News, indicators and facts of the work of the Green Fiscal Policy Network and our partners in Russia.
Unpopular among the bloc’s trading partners, countries are seeking exemptions to the carbon levy, as Brussels hints alternatives to pricing may be considered to dodge
Perhaps one of the few areas where a consensus is crystallizing across the major powers of the global economy is on the urgency of advancing
In late April, US President Joe Biden convened 40 world leaders to “galvanize efforts” by the world’s major economies to tackle climate change, highlight economic
The leaders of Russia and China put aside their raw-worded disputes with U.S. President Joe Biden on 22 April long enough to pledge international cooperation
25 October 2019: The Russian government has significantly weakened its proposed law to regulate emissions, apparently caving in to the country’s powerful fossil fuel industry.
Gas and Taxes: The Impact of Russia’s Tinkering with Upstream Gas Taxes on State Revenues and Decline Rates of Legacy Gas Fields (Oxford Energy)
In a world of low commodity prices the potential for conflict between hydrocarbon producers and governments over tax revenues is exacerbated. In Russia this is