Europe’s carbon tax could cost Russia nearly $12 billion by 2030 ...News

The potential cost of the EU carbon tax for Russia under the European Commission’s draft carbon border tax could reach nearly $11.7 billion by 2030, experts claim. “For Russia, this fee could reach a maximum of between $1.8 billion and $3.4 billion in 2026 and between $3.5 billion and $6.4 billion in 2030 (due to an increase in the price per ton of CO2 while maintaining export volumes at the average level for 2019-2020),” RIA Novosti reported on Friday, citing Boston Consulting Group (BCG). Also on rt.com EU sets ambitious new climate goal to cut emissions by 55 percent by 2

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