ESTIMATION OF FINANCIAL LOSSES OF RUSSIAN EXPORTERS OF CARBON DEPOSITS: A REGIONAL ASPECT

Abstract

The article analyzes the impact of the EU climate strategy on the export of carbon-intensive products. The content of the draft law on cross-border carbon regulation (TUR) published by the European Commission (EU) is disclosed. It is argued that the tax burden will actually be borne by exporters exporting these products to EU countries. The negative financial consequences of the adoption of the TOUR are analyzed, which will be differentiated depending on the country of origin of the carbon-intensive product. The necessary actions of the EU's foreign economic partners to mitigate the negative consequences of the adoption of the TOUR are given. Regional initiatives on carbon pricing are named as a real measure to reduce the negative effect. Their assessment was made on the example of the North-Western Federal District of Russia (NWFD). Two variants of the potential impact of the TUR mechanism on the export of the NWFD regions are considered: basic and pessimistic. For each option, the potential volume of regional exports falling under the cross-border carbon regulation mechanism and the corresponding amount of financial losses of exporters of the NWFD subjects are determined. According to the results of the calculations carried out, the subjects of the Northwestern Federal District, the most vulnerable to the introduction of TUR, were identified. The relevance of regional projects of economic regulation of greenhouse emissions is substantiated, examples of pilot sites of the Northwestern Federal District for their implementation are given.