scholarly journals ASSESSMENT OF LOSSES OF THE ECONOMY OF KAZAKHSTAN FROM THE INTRODUCTION OF THE EU BORDER CARBON TAX

2021 ◽  
Author(s):  
С.Н. Алпысбаева ◽  
А.А. Бакдолотов ◽  
Н.Н. Жанакова ◽  
S. Alpysbayeva ◽  
A. Bakdolotov ◽  
...  
Keyword(s):  
Carbon Tax ◽  
Global Supply Chain ◽  
Import Duty ◽  
Preliminary Assessment ◽  
Adjustment Mechanism ◽  
Reduction Of Emissions ◽  
The Republic ◽  
The Impact ◽  
The Eu ◽  
Border Adjustment

Статья посвящена изучению вопроса введения ЕС углеродного корректирующего пограничного механизма (далее - УКПМ), в структуре которого предусмотрена импортная пошлина на углеродоёмкие импортные товары. Для экспорто-ориентированных стран данный налог означает наличие высоких рисков снижения выручки от экспорта энергоресурсов в Европу, а также в другие страны. Авторами изучены предпосылки введения углеродного корректирующего пограничного механизма, введение и реализация которого ориентирована на сокращение выбросов парниковых газов в ЕС, а также стимулирование сокращений выбросов в других странах. Представлены краткие результаты проведенных международных исследований таких компаний, как Boston Consulting Group, KPMG по оценке эффектов введения УКПМ на международную торговлю. В статье также сделана предварительная оценка потерь Казахстана от введения ЕС углеродного корректирующего пограничного механизма, с использованием подхода «Что-Если» на основе данных 2019 года. Согласно проведенным расчетам, если бы в 2019 году, экспорт подвергался бы углеродному налогу в рамках углеродного корректирующего пограничного механизма, то потери составили бы минимально $157,5 млн. или 2,1% поступлений в Национальный фонд РК, и максимально, предполагая, что весь экспорт используется в глобальных цепочках поставок товаров в Европу, $576,4 млн. или 7,7% поступлений в Национальный фонд РК. The article is focused on the study of the introduction of the carbon border adjustment mechanism (hereafter CBAM) by the EU, the structure of which considers an import duty on the carbon-intensive goods. For export-oriented countries, this tax implies a higher risk of reduced revenue from carbon-related energy exports to Europe, as well as to the other countries. The authors studied the prerequisites from CBAM introduction, the development, and implementation of mechanism which the aim is to reduce greenhouse gas emissions in the EU, as well as to stimulate the reduction of emissions in other countries. The brief results of studies of international companies, such as Boston Consulting Group and KPMG, are presented on the assessment of the impact of introducing CBAM on international trade. The article provides a preliminary assessment of Kazakhstan's losses due to the carbon border adjustment mechanism introduced by the EU, using the "What-If" approach based on 2019 data. According to the calculations, if CBAM was implemented in 2019 and carbon exports were taxed according to the mechanism, the estimated losses would be $157.5 million, or 2.1% of the revenues of the National Fund of the Republic of Kazakhstan, at minimum. At maximum, with an assumption that all exports that are used in the global supply chain of goods to Europe, the revenue losses would become $576.4 million, or 7.7% of the revenues of the National Fund of the Republic of Kazakhstan.

scholarly journals The global trend towards decarbonization of the economy, the introduction of the Carbon Border Adjustment Mechanism in the EU and the possible consequences for Russia

2021 ◽  
Vol 129 ◽  
pp. 09021
Author(s):  
Vladimir Sh. Urazgaliev ◽  
V. Novikov Andrey ◽  
A. Menshikova Galina
Keyword(s):  
Carbon Dioxide Emissions ◽  
Economic Relations ◽  
Carbon Neutrality ◽  
Adjustment Mechanism ◽  
Reduce Carbon Dioxide ◽  
Energy Products ◽  
Climate Neutrality ◽  
The Impact ◽  
The Eu ◽  
Border Adjustment

Research background: In the process of implementing the Paris Agreement (2015), Europe is a leader in the formation of new legislative initiatives in order to develop a set of effective measures to reduce greenhouse gas emissions in the atmosphere. The European Commission approved the European Green Deal (2015) - a strategy for achieving the EU parameters of climate neutrality through the transition to a clean circular economy. Its main goal is to reduce carbon dioxide emissions by 2030 by 50 - 55% from 1990 levels and achieve full carbon neutrality of the EU by 2050. As part of this strategy, the Carbon Border Adjustment Mechanism (CBAM) is being developed. The introduction of CBAM means a revolutionary transformation in the system of international economic relations. Purpose of the article is to identify and assess possible risks for producers and consumers, primarily of energy products after the introduction of CBAM, as well as the impact of these risks on Russian exports to Europe. Methods: The authors carried out a comparative analysis of scenarios for the implementation of CBAM in the sectorial and product segments of trade between Russia and the EU. Findings: The article contains comparative assessments of the beginning redistribution of international markets in the sectoral and product coverage of emissions, as well as an analysis of the unfolding contradictions in the verification of methods for determining the carbon footprint in the production chains of the real sector of the economy.

Implementation of the Paris Agreement on Global Climate: European Carbon Blackmail of Russia and Possibilities of Countering It

2021 ◽  
pp. 77-93
Author(s):  
Sergey Anatolyevich Roginko ◽  
Sergey Nikolaevich Silvestrov
Keyword(s):  
Carbon Tax ◽  
Global Climate ◽  
Paris Agreement ◽  
Eu Countries ◽  
Adjustment Mechanism ◽  
The Subject ◽  
Carbon Taxation ◽  
The Eu ◽  
Border Adjustment

The subject of the analysis is the EU initiative to introduce the so-called Carbon Border Adjustment Mechanism developed within the framework of the «European Green Deal» adopted in 2019 and its possible impact on the Russian exporting industries. The author examines in detail the genesis of European initiatives in the field of border carbon tax, draws a parallel between the Border Carbon Correction Mechanism and the early EU initiatives on carbon taxation of flights of foreign airlines operating in airports of EU countries. Recommendations are given on possible measures to hedge risks associated with this EU initiative, including the possibility of blocking the EU initiative in the international arena, including the positions of the leading world powers on this issue, is analyzed. The tactics of interaction on this issue with such large global exporters as China, India, Brazil and others are proposed.

Carbon border taxes raise international dispute risks

2021 ◽  
Keyword(s):  
Emission Trading ◽  
Climate Mitigation ◽  
Trade Disputes ◽  
Content Type ◽  
Adjustment Mechanism ◽  
Climate Policies ◽  
International Dispute ◽  
Demand Patterns ◽  
The Eu ◽  
Border Adjustment

Significance Increasingly demanding climate mitigation targets in some economies have raised concerns over industry competitiveness and possible relocations of carbon-intensive industries. The EU plans a ‘carbon border adjustment mechanism’ (CBAM), effectively a tax, by 2023, to penalise imports from economies without comparable climate policies. These types of measures strengthen industry support for such policies, but risk triggering trade disputes. Impacts Efforts to link different emission trading schemes will grow. Decarbonisation policies will change demand patterns for manufacturing inputs. Developing countries’ climate diplomacy will need to be coordinated with their trade ministries.

scholarly journals Business cycle synchronization of a small open EU-candidate country’s economy with the EU economy

2018 ◽  
Vol 65 (5) ◽  
pp. 609-631 ◽  
Author(s):  
Vladimir Filipovski ◽  
Predrag Trpeski ◽  
Jane Bogoev
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Candidate Country ◽  
Economic Policies ◽  
Large Magnitude ◽  
Euro Zone ◽  
The Republic ◽  
High Degree ◽  
The Impact ◽  
The Eu

The objectives of this paper are to empirically identify business cycles in a small open EU-candidate country such as the Republic of Macedonia and to assess the degree of synchronization of the country?s business cycle with the cycle of the EU economy. Towards the first objective, we apply linear and non-linear methods for delineating the production gap cycle in the Macedonian economy. As for the second objective, we apply autoregressive methods to assess the size and speed of cyclical adjustment of the Macedonian economy to output shocks to the Euro-zone economy. The results of our analysis suggest a high degree of synchronization of the Macedonian business cycles with the cycles of the EU economy. Also, the shocks in economic activity in the Euro-zone economy are transmitted almost instantaneously, and with a large magnitude, to the Macedonian economy. Finally, the impact of the Euro-zone output contraction is less pronounced than the impact of the Euro-zone output expansion, suggesting an impact of the country?s autonomous countercyclical economic policies.

scholarly journals  Macedonian livestock, dairy and grain sectors and the EU accession impact

2013 ◽  
Vol 59 (No. 3) ◽  
pp. 125-133
Author(s):  
A. Kotevska ◽  
D. Dimitrievski ◽  
E. Erjavec
Keyword(s):  
Model Simulation ◽  
Positive Development ◽  
Complex Nature ◽  
Baseline Scenario ◽  
The European Union ◽  
Eu Accession ◽  
The Republic ◽  
Almost All ◽  
The Impact ◽  
The Eu

The Republic of Macedonia is in the process of integrating into the European Union (EU) and adjusting its policies through reforms in policy, regulations and institutions. This paper attempts to provide an answer to the question: what would be the impact on the Macedonian livestock, dairy and grain sectors of Macedonia integrating into the EU. In order to forecast the impact of the EU accession, the research uses the partial equilibrium model as a comprehensive tool for modelling the complex nature of the agricultural markets. The model simulation foresees the changes of the modelled sub-sectors in production, net-trade and income. The baseline scenario predicts a positive development for almost all selected commodities, with the exception of the beef sector, which is highly uncompetitive prior to the accession. Three EU accession scenarios foresee positive developments in the beef, lamb and cow’s milk markets, while a negative development is expected in the pig meat and grains markets.  

scholarly journals THE IMPACT OF THE NEW GLOBAL REALITY ON THE EUROPEAN INTEGRATION PROCESS: THE CASE OF THE REPUBLIC OF SERBIA

2021 ◽  
Vol 13 (3) ◽  
Author(s):  
Ana Krstic ◽  
Predrag Mimovic
Keyword(s):  
European Union ◽  
Interdisciplinary Approach ◽  
The European Union ◽  
Key Factors ◽  
Number Of Factors ◽  
Network Process ◽  
Research Goal ◽  
The Republic ◽  
The Impact ◽  
The Eu

The acquisition of full membership for the Republic of Serbia in the European Union depends on a large number of factors. The combined and synergistic effect of these factors has made the process of Serbia's accession to the European Union extremely uncertain in terms of date and final outcome. The new reality, including the COVID-19 pandemic, U.S. isolationist policies during President Trump's tenure, the strengthening of China and Russia, and Britain's exit from the EU, has made this process even more uncertain. In this context, it is crucial to identify and prioritize key factors that affect or could affect the process of Serbia's accession to the European Union, in order to evaluate the possible outcomes of this process. To solve problems of this level of complexity and uncertainty, it is necessary to apply an interdisciplinary approach of the appropriate level of complexity. Therefore, this paper is an extension of previous research (Krstic et al, 2018; Mimovic et al, 2019) based on the defined research goal, but incorporates a complex, network model called theAnalytical Network Process, which included new circumstances that determine what is colloquially called the new reality. All calculations in the paper were performed using the software package SuperDecisions as computer support for the Analytical Network Process.

scholarly journals CHARACTERISTICS OF INCIDENCE RATE OF COVID-19, ACUTE RESPIRATORY DISEASES, INFLUENZA AND COMMUNITY ACQUIRED PNEUMONIA IN RUSSIA ACCORDING TO CLIMATE, GEOGRAFICAL ASPECTS AND POPULATION DENSITY

2020 ◽  
Author(s):  
Natalia Pshenichnaya ◽  
Irina Lizinfeld ◽  
Grigory Zhuravlev
Keyword(s):  
Air Pollution ◽  
Population Density ◽  
Incidence Rate ◽  
Respiratory Infections ◽  
Social Activity ◽  
Community Acquired Pneumonia ◽  
The Republic ◽  
Kaliningrad Region ◽  
The Impact ◽  
The Eu

Background: Understanding the impact of geographical aspects and population density on the incidence rate (IR) of respiratory infections in Russia is necessary for successful control under the epidemic. Aim: to estimate the increase in IR of respiratory infections in 2020 compared to the same period of 2016-2019 Materials and methods: a retrospective study of IR of COVID-19, ARI, influenza and community acquired pneumonia (CAP) in summarily (respiratory infections and COVID-19 morbidity) in the first half of 2020 in comparison with morbidity of ARI, influenza and CAP (respiratory infections morbidity) the same period of 2016-2019 in 85 regions was performed. Additionally the influence of climate on COVID-19 morbidity were estimated. Results: The highest excess of respiratory infections and COVID-19 morbidity in 2020 versus the average respiratory infections morbidity in 2016-2019 was observed in Buryatia-107.61%; Zabaykalsky Krai -134.09%; Tuva – 166.34%; the Kaliningrad region – 1023.41%; the Republic of Altai – 1212.78%; Dagestan – 2030.27%. Buryatia, Tuva, Altai and Zabaykalsky Krai are located next to the China, and also border each other. The Kaliningrad region borders on the EU countries. Dagestan has a maritime border with 3 states, including Iran, where the epidemic COVID-19 began earlier. In 43 of the 85 regions of Russia, this excess was 10-50%; in 35 subjects varied from 50% to 100%. The correlation between the incidence of COVID-19 and the population density in the regions was weak (r=0.26). The air pollution, has also a weak relationship (r=0.26) to the incidence rate. Moderate relationship was observed between the severity of negative temperatures in winter and the level of morbidity(r=-0.51). Milder climate probably contributed to the longer persistence of the virus in the environment and social activity. Conclusion: Russian regions bordering the PRC, the EU, Central Asia and the Middle East demonstrated the highest IR of influenza, ARI, CAP and COVID-19in summarility in the first part of this year versus the morbidity of influenza, ARI, CAP in average in first half of 2016-2019. IR of COVID-19 has weak correlation with population density and air pollution and moderate negative correlation with winter temperature.

Introduction

2020 ◽  
pp. 1-17
Author(s):  
Scott James ◽  
Lucia Quaglia
Keyword(s):  
Financial Regulation ◽  
Single Market ◽  
Preliminary Assessment ◽  
The Future ◽  
Multi Level ◽  
The Uk ◽  
The Impact ◽  
The Eu ◽  
Regulatory Reforms

This chapter outlines the theoretical and empirical puzzles that inform the book, its objectives, overall argument, and structure. It sets out to explain the changing preferences and influence of the UK in shaping multi-level financial regulation. In particular, the book addresses two empirical questions. Why has the UK favoured increasingly stringent regulation in certain financial sectors since the crisis, but not in others? Why has the UK led international and EU-level regulatory reforms in some areas, but has resisted these initiatives in other areas? The chapter also outlines the book’s ambition to undertake a preliminary assessment of the impact of Brexit on the future of UK financial regulation, focused on two questions. Why has the UK decided to withdraw from the EU single market in services, including finance? How is Brexit likely to impact on the UK’s regulatory preferences and ability to shape multi-level financial regulation?

scholarly journals Carbon Border Adjustment Mechanism: New Context for EU-Russia Relations

2021 ◽  
Vol 106 (6) ◽  
pp. 63-74
Author(s):  
Anastasia Nevskaya ◽  
◽  
Yulia Baronina ◽  
Keyword(s):  
Emissions Trading ◽  
Compensatory Mechanism ◽  
Trading System ◽  
Adjustment Mechanism ◽  
System A ◽  
Theoretical Approaches ◽  
Trading Partners ◽  
Regional Emissions ◽  
The Eu ◽  
Border Adjustment

The article examines the introduction of the EU carbon border adjustment mechanism (CBAM) as part of the EU economy decarbonization. The implementation of this initiative poses certain risks for the EU trading partners. Moreover, this issue is extremely important for the entire global trading system. The purpose of the study is to assess the real threats of the mechanism for Russian companies and identify opportunities for successful adaptation to the new green realities. The theoretical approaches and prerequisites for the CBAM introduction are analyzed, its systemic effects for companies around the world are shown. The channels and possible scale of this measure’s impact on Russian exporters are considered. The authors analyze the main possible response scenarios for Russia. The most promising scenarios could be: a) intensification of the carbon-free energy and increasing the energy efficiency of production processes, 2) development of an alternative compensatory mechanism, 3) integration into the regional emissions trading system. A possible challenge of the CBAM introduction in the WTO may be ineffective; cooperation with countries outside the “green agenda” – counterproductive. It is concluded that there are opportunities for Russian companies to strengthen their competitiveness due to CBAM requirements. However, there is a lack of expertise in a number of areas and levels, which can hinder the implementation of these opportunities.

Impact of the Green Deal on copper imports from Russia to the EU

2022 ◽  
pp. 110-125
Author(s):  
D. A. Chupina
Keyword(s):  
Russian Federation ◽  
Financial Burden ◽  
Green Economy ◽  
Relative Growth ◽  
Adjustment Mechanism ◽  
Cross Border ◽  
The Russian Federation ◽  
Geographic Remoteness ◽  
The Impact ◽  
The Eu

The article analyzes the prospects for copper imports from the Russian Federation to the EU in the context of the implementation of the plan for decarbonization of the EU economy by 2050. It is noted that green economy is more metal-intensive, but in the medium-run, the impact of the traditional drivers (population growth and rising welfare) on the global copper market will remain significant. Similar trends are shown in the EU copper market: in the current decade, the rapid relative growth of the green sectors of the economy and the demand for copper from them will not lead to fundamental changes in the dynamics and structure of the market. At the same time, the introduction of a cross-border carbon adjustment mechanism (CBAM) could disrupt the sustainability of the established business model in the European copper industry. Eight scenarios of the financial burden for copper imports from the Russian Federation to the EU after the introduction of CBAM are presented, showing that the new EU foreign trade instrument will not have a restrictive effect on copper imports from the Russian Federation. However, the increase in the supply of Russian copper to the growing EU market may be constrained by the geographic remoteness of new copper mining and refining facilities.

Sign in / Sign up

Export Citation Format

Share Document