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The Ministry of Economic Development announced the risk of spreading the EU carbon tax


Carbon regulations imposed by the European Union may spread to other countries around the world and must be resisted. Ekaterina Mayorova, director of the trade negotiations department of the Russian Ministry of Economic Development, told RBC about this.

According to her, the introduction of the carbon mechanism is an attempt by the European Union to extend this system to the jurisdictions of other countries in order to trade emissions quotas and protect European industry from competition.

Mayorova noted that such plans of the European Union contradict the norms of the World Trade Organization (WTO): “To prevent the spread of such practices, we regularly convince our trading partners of the need to counteract it on international platforms, including the WTO, the Conference of the Parties to the UN Framework Convention on climate change and others.”

Previously, WTO participants were concerned about the difficulty of access to the European market due to the climate initiatives of the EU countries, especially due to the “carbon tax”. Read more about this in material Public News Service.

Message The Ministry of Economic Development announced the risk of spreading the EU carbon tax appeared first on Public news service.

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