Carbon Border Adjustment Mechanism: New Context for EU-Russia Relations
ISSN 0201-7083
DOI: 10.15211/soveurope620216374
The article examines the introduction of the EU carbon border adjustment mechanism (CBAM) as part of the EU economy decarbonization. The implementation of this initiative poses certain risks for the EU trading partners. Moreover, this issue is extremely important for the entire global trading system. The purpose of the study is to assess the real threats of the mechanism for Russian companies and identify opportunities for successful adaptation to the new green realities. The theoretical approaches and prerequisites for the CBAM introduction are analyzed, its systemic effects for companies around the world are shown. The channels and possible scale of this measure’s impact on Russian exporters are considered. The authors analyze the main possible response scenarios for Russia. The most promising scenarios could be: a) intensification of the carbon-free energy and increasing the energy efficiency of production processes, 2) development of an alternative compensatory mechanism, 3) integration into the regional emissions trading system. A possible challenge of the CBAM introduction in the WTO may be ineffective; cooperation with countries outside the “green agenda” – counterproductive. It is concluded that there are opportunities for Russian companies to strengthen their competitiveness due to CBAM requirements. However, there is a lack of expertise in a number of areas and levels, which can hinder the implementation of these opportunities.
The article was prepared within the project “Post-crisis world order: challenges and technologies, competition and cooperation” supported by the grant from the Ministry of Science and Higher Education of the Russian Federation program for research projects in priority areas of scientific and technological development (Agreement № 075-15-2020-783).
Keywords: European Union | carbon border adjustment mechanism | The European Green Deal | carbon footprint | Emissions Trading System |
Russian Science Citation Index
OTHER PUBLICATIONS ON THIS TOPIC
Varnavskii Vladimir
Monetization of Emissions Reductions in the EU in the Context of Carbon Border Adjustment Mechanism
Rubtsov Boris, Lukashenko I.V.
Carbon trading features in the financial market / Rubtsov B.B., Lukashenko I.V.
Frumkin Boris
Общая сельскохозяйственная и рыболовная политика, июнь-август 2019 г. // Европейский союз: факты и комментарии : электронное издание. 2020. № 98. С. 25-29. URL: http://www.edc-aes.ru/data/edcaes/content/user_files/files/98.pdf. Дата публикации: январь 2020.
Sidorova Elena
The European Union in combating the Crisis / Russia and the European Union in World Politics: Proceedings of International Conferences. Ed. by M.L.Entin. Moscow, Grif &Co. 2011. Iss. 10. P. 285-293.
Pusenkova Nina
Климатическая политика национальных нефтяных компаний: декарбонизация по-европейски или по-американски? // Проблемы экономики и управления нефтегазовым комплексом. 2021. № 11 (203). С. 52-62. DOI 10.33285/1999-6942-2021-11(203)-52-62.
Arbatova Nadezhda
Climate threats – a new dimension of EU security. Polis. Political Studies, 6, 81-94. https://doi.org/10.17976/jpps/2022.06.07
Arbatova Nadezhda
Climate threats – a new dimension of EU security
Nozdrev Stanislav
Cross-border Lending in Asian Countries
Sidorova Elena
European Union (co-author – Andrzej A. Habarta). Chapter in a monograph, pp. 487–519: Prospects for Economic Globalization / Ed. by A.S. Bulatov. Moscow, Knorus, 2019. – 666 pp.
Frumkin Boris
Заседания Eвропейского совета (саммиты), сентябрь-декабрь 2018 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. – 2019. – № 94. – С. 5-12.
Frumkin Boris
Заседания Европейского совета (саммиты), октябрь-декабрь 2017 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии.Электронное издание. – 2018. – № 90. – С. 7-12.
Frumkin Boris
Заседания Европейского совета (саммиты), март - май 2019 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. – 2019. – № 96. – С. 5-9.
Frumkin Boris
Заседания Европейского совета (саммиты), июнь-август 2019 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. – 2019. – № 97. – С. 5-9.
Frumkin Boris
Заседания Европейского совета (саммиты), март - май 2018 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. Электронное издание. – 2018. – № 92. – С. 8-12.
Romanova T., Portansky Alexey
The imperative of Russia – EU cooperation in climate policy is preserved
Frumkin Boris
Заседания Европейского совета (саммиты), январь - февраль 2018 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. Электронное издание. – 2018. – № 91. – С. 5-7.
Frumkin Boris
Заседания Европейского совета (саммиты), июнь-август 2018 г. [Текст] / Б. Е. Фрумкин // Европейский союз: факты и комментарии. Электронное издание. – 2018. – № 93. – С. 13-18.
Nevskaya Anastasia
Eurasian e-commerce regulation
Rudenkova Daria
European Union Participation in negotiations on Transatlantic Trade and Investment Partnership [Text] / D.E. Rudenkova // Sravnitelnaya politika-Comparative politics – 2016. – Vol. 7. – № 3(24). – P. 61 – 70.
Prokhorenko Irina
Energy transition narratives in the European Union. Lomonosov World Politics Journal. 2022;14(4):77-97. (In Russ.) https://doi.org/10.48015/2076-7404-2022-14-4-77-97
Related publications
No comments