Russian exporters will be able to take into account the reduction of the carbon footprint

RUSSIA will regulate greenhouse gas emissions without additional tax burden on business. This was stated by the Minister of Economic Development of the country Maxim Reshetnikov at a meeting of the State Duma Committee on Ecology and Environmental Protection.

According to the bill, approved in the first reading, businesses will be offered to invest in projects to reduce emissions and absorb such gases using a system of "carbon credits". Also, the Cabinet intends to ensure that these investments are recognized at the international level.

There is a demand for such regulation from the EXPORT business, as the EU plans to introduce a carbon tax, excise or duty on imported products produced with a large amount of greenhouse gases.

“Reducing the carbon footprint of products in the coming years will be one of the competitive advantages,” said Maxim Reshetnikov.

Companies and individual entrepreneurs will be able to implement climate projects that are aimed at reducing greenhouse gas emissions or increasing their absorption. For the implementation of such projects, they will receive "carbon credits". They can be sold, transferred or credited. In the latter case, the carbon footprint of products is reduced.

Now work on the recognition of Russian carbon units is being carried out with the countries participating in the Paris Agreement, Reshetnikov added.

Global warming has reduced the growth rate of agricultural efficiency

The bill has been discussed for more than two years. There were different approaches to regulation, including tough ones: the introduction of paid CO2 emissions, quotas, etc. However, in the end, they settled on a phased version.