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The EU's cross-border carbon mechanism, which is being prepared for introduction, shall comply with the international trade standards and take into account the Russia's contribution to solving global climate problems. On Tuesday, December 1, it was stated by the Minister of economic development of the Russian Federation Maxim Reshetnikov at the meeting with representatives of the Association of European Businesses (AEB). The event was attended by AEB Chairman of the Board Johan Vanderplaetse, CEO of the Association Tadzio Schilling, and representatives of Russian and European businesses.
"The Russian side is certainly concerned about the format and content of the European Green course. We are monitoring this initiative and plans to introduce a border carbon mechanism. Given the established trade and investment ties between Russia and the European Union, we are interested in maintaining the existing production chains and supply channels in the event if the mechanism is introduced," the Head of the Ministry of Economic Development said.
Maxim Reshetnikov noted that Russia is ready to conduct a dialogue with European partners to develop the optimal format for implementing the mechanism. "It is important to develop a mechanism that fully meets the standards of international trade, takes into account the efforts of Russian producers to reduce greenhouse gas emissions and increase their absorption, as well as the contribution of the Russian side to solving climate problems," the Minister noted.
Like the European Union, Russia is committed to global efforts to preserve the climate, the Head of the Ministry of Economic Development reminded. According to him, the effectiveness of the Russian experience in reducing the impact on the climate is noted. In accordance with the Presidential decree on reducing greenhouse gas emissions, Russia has managed to suspend global warming for a year. Thus, the Russian Federation consistently limits its emissions to 70% of the 1990 values.
In addition, the Minister recalled that achieving climate goals is impossible without protecting and improving the quality of natural resources to absorb greenhouse gases, especially forests. "One of these priorities is a reliable assessment of the absorption capacity of natural ecosystems on the territory of Russia that is the sixth part of the land," Maxim Reshetnikov added.
At the end of the meeting, the participants expressed hope for fruitful cooperation not only on climate issues, but also on other UN sustainable development goals.