Modern Emissions Trading and Carbon Credits System

Vladislav Igorevich Musikhin and Elena Borisovna Rogatnykh
Additional contact information
Vladislav Igorevich Musikhin: Russian Foreign Trade Academy, Moscow, Russia
Elena Borisovna Rogatnykh: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2024, issue 1, 39-56

Abstract: This paper focuses on an environmental regulatory tool known as the emissions trading system. Based on a review of emissions trading systems in the EU and China, it is demonstrated that this mechanism has seen tremendous progress in international practice in recent years. The emissions trading system plays a special role within the EU border carbon adjustment mechanism, which impacts Russian enterprises that export products to the EU. It should be noted that the ability of countries with different levels of economic development to implement green strategies varies due to differences in the structure of their economies. But the establishment of foreign economic relations with regard to the climate agenda should be carried out with regard to objective economic interests of the countries concerned.

Keywords: Carbon Boarder Adjustment Mechanism; emissions trading system; EU carbon trading system; EU ETS; cross-border carbon regulation (search for similar items in EconPapers)
JEL-codes: Q42 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2024_01_39-56.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2024_01_39-56

DOI: 10.24412/2072-8042-2024-1-39-56

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().