Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Maxim Reshetnikov discussed the climate agenda and cross-border carbon regulation with the First Vice-President of the European Commission
24 July 2021 11:07

Russia and the European Union should focus on multilateral solutions and agreements to combat climate change. This was stated by Maxim Reshetnikov, Head of the Ministry of Economic Development of Russia, during a meeting with Frans Timmermans, First Vice-President of the European Commission, which took place during the G20 Energy-Climate Ministerial Meeting in Naples on 23 July.

The European Commission has prepared a package of initiatives including the introduction of a Carbon Border Adjustment Mechanism (CBAM). According to the minister, such a measure could harm Russia's trade with the EU. In addition, many countries and businesses run the risk of losing part of their income, which could have been used to modernise production or implement climate projects.

A multilateral approach to climate commitments would help avoid negative consequences, the minister said. The UN Framework Convention on Climate Change platform is most suitable for the development of such commitments.

"Globally meaningful, effective solutions to climate problems can only be achieved through cooperation, not rivalry. This is confirmed by the significant scale of industrial production in the Russian Federation and in the EU. We share the European continent, we are neighbours, and we should work closely together on the whole range of these problems," Reshetnikov said.

He noted that Russia has reduced its greenhouse gas emissions to a greater extent than many other countries. Compared to 1990 levels, these emissions have been halved from 3.1 billion tonnes of CO2-equivalent to 1.6 billion tonnes.

Дата публикации: July 24, 2021
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