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Achilles’ heel of the EU: the initiative on a cross-border carbon tax
- Authors: Roginko S.A.1,2
-
Affiliations:
- Institute of Europe of the Russian Academy of Sciences
- Financial University under the Government of the Russian Federation
- Issue: No 5 (2024)
- Pages: 34-44
- Section: International relations
- URL: https://vietnamjournal.ru/0869-0499/article/view/686135
- DOI: https://doi.org/10.31857/S0869049924050036
- EDN: https://elibrary.ru/JUVHOM
- ID: 686135
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Abstract
A systemic analysis of the vulnerability of the EU initiative on a cross-border carbon tax (CBAT) is conducted. The connection between CBAT and the European Emissions Trading System, including the scheme for the distribution of free permits, is revealed. The role of CBAM as a new source of EU revenue, changing the balance of power between the European Commission and EU member states, is shown. A conclusion is formulated on the impact of these revenues on the nature of the EU’s behavior in the global community and recommendations are made on countermeasures to effectively counter the EU initiative CBAT, including the inclusion of this issue in the BRICS agenda.
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About the authors
Sergey A. Roginko
Institute of Europe of the Russian Academy of Sciences; Financial University under the Government of the Russian Federation
Author for correspondence.
Email: roginko@bk.ru
ORCID iD: 0000-0003-2094-9259
Candidate of Sciences (Economics), Head, Environment & Development Center, Institute of Europe of the Russian Academy of Sciences; Professor, Financial University under the Government of the Russian Federation
Russian Federation, Mokhovaya street, 11/3, Moscow, 125009; MoscowReferences
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