EU’s Carbon Pricing: A Start for Decarbonising Trade with Russia?

Pricing of carbon emissions is the major tool to drive the decarbonisation of the economy – the core of the European Green Deal project. While the greenhouse gas emissions from the combustion of coal, oil and gas are covered by the European Emissions Trading System (ETS), other traditionally carbon intensive imports like cement, electricity, fertilisers, iron and steel and aluminium are set to be targeted by a new Carbon Border Adjustment Mechanism (CBAM). As part of its “Fit for 55” package, the EU Commission has presented its proposal for CBAM in order to address the risk of carbon leakage and to encourage industry not only within but also outside the EU to reduce carbon emissions. Analysts expect significant burdens to arise from CBAM in particular for Russian exporters of iron and steel, fertilisers and aluminium. Therefore, it is not coming as a surprise that the EU’s moves on the extension of carbon pricing – in concert with similar global trends - have triggered a broad and dynamic debate on decarbonisation in Russia as well. Businesses start to align their strategies.

This expert roundtable serves to exchange perspectives and assessments on implications of CBAM for the decarbonisation of European trade relations with Russia. Questions to explore: How to engage in political dialogue between the EU and Russia on the introduction of CBAM? What are the crucial CBAM design criteria to reward progressive businesses in Russia and open opportunities for them? Under which conditions might Russia be ready to introduce an own internal carbon pricing system and could be exempted from the CBAM regulation?

Initial inputs by

• Yana Zabanova, Research Associate, IASS Potsdam and PhD Candidate, University of Groningen
• Igor Makarov, Higher School of Economics (HSE University), Laboratory for Economics of Climate Change, Moscow
• Joschka Wanner, Institute for the World Economy, Kiel (IfW)/ University of Potsdam

Moderation: Robert Sperfeld, Heinrich Böll Stiftung, Berlin

After this expert roundtable we have Russland und der Green Deal der EU: Konfrontation oder Perspektive für Zusammenarbeit? the pleasure to invite you to the public online event starting at 18.00.

Your Participation in the event

> Online participation in ZOOM

The access information will be sent to you by email 24 hours and then 2 hours prior to the event. 
You can use either the Zoom Client software or the app. If you are using either the Chrome or Edge browsers you will be able to participate directly via the access link. For more information on how to use Zoom, click here.
Please make sure that you are using the latest version of Zoom so that you have the necessary settings. You will need a microphone and possibly a camera for events with audience participation.
The Heinrich Böll Foundation is not liable for issues arising from the use of Zoom software. Zoom's current privacy policy can be found here.

Our privacy policy applies.

Contact:
Nina Happe
Heinrich Böll Stiftung
East and Southeast Europe Division
E happe@boell.de