Reshetnikov: projects to absorb emissions from forests should be recognized as a way to reduce carbon footprint

Projects to increase the absorption of emissions from forests should be recognized as a way to reduce the carbon footprint, said the head of the Ministry of Economy Maxim Reshetnikov during the G20 climate and energy ministerial meeting in Naples.

“It is also important to remember the absorptive capacity of forests: without them, global carbon neutrality cannot be achieved. Therefore, projects to increase the absorption of emissions from forests and other ecosystems should be officially recognized as a way to reduce the carbon footprint, ”said Mr. Reshetnikov (quoted by TASS).

He also noted that countries should not forget about social responsibility and the need to restore jobs in response to climate challenges.

“Post-pandemic recovery must be sustainable in every sense of the word. In responding to climate problems, we cannot forget about our social responsibility and the need to restore jobs and growth, ”the minister said. He added that the world now faces a double challenge – recovering from the coronavirus pandemic and modernizing countries’ economic models to make them more resilient.

In mid-July, the European Commission published the first official proposals for the introduction of cross-border carbon regulation in the EU. It will affect the largest exporters, including those from Russia, who supply goods to the European Union that produce greenhouse gas emissions.

According to the calculations of the Ministry of Economy of the Russian Federation, the “carbon tax” introduced in 2023 includes Russian exports of metals, fertilizers, electricity and cement worth $ 7.6 billion in last year’s prices. At the same time, Maxim Reshetnikov called the connection between the proposed EU regulation and the fight for climate “unobvious”.

How the payment of the “carbon tax” will be arranged, read in the material “Kommersant” “What is known about the prospects for carbon regulation.”

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