This opinion was expressed by Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, speaking at the session "Carbon Unit Market" during the third Global Financial Forum Ecumene 2023. "This balance can be achieved by forming a whole set of options in the form of mandatory norms, model regulation, and voluntary mechanisms," he expressed confidence.
The EEC Minister reminded that in June, the Heads of Government of the Eurasian Economic Union countries instructed to develop approaches to regulate the climate agenda within the EAEU. The set objective is to prevent the emergence of internal barriers and to preserve the competitiveness of the EAEU States' economies within the technological transformation.
It is also important not to "slow down" the development of national carbon regulation in those countries that are moving forward, for example, in the Republic of Kazakhstan and the Russian Federation.
“On the contrary, it is necessary to promote the growth of rates. We see how regulation develops throughout the world, and we need to recognize that we should really ramp up the movement," Andrey Slepnev emphasized.
He noted that, primarily, it is necessary to determine the status of the carbon unit and those sectors of the economy for which special requirements can be established at the all-Union level. This also entails the convergence of approaches in accrediting validation and verification bodies in the field of climate protection.
The event was attended by Olzhas Agabekov, Chairman of the Management Board of the International Green Technologies and Investment Projects Center, Iskender Asylkulov, Deputy Minister of Economy and Commerce of the Kyrgyz Republic, Oksana Gogunskaya, CEO of Kontur JSC, Grace Hui, Founder and CEO of Net Zero Asia, Sergey Demidov, Director of the Operational Risk, Information Security and Business Continuity Department of Moscow Exchange PJSC, Alexei Matsevilo, Deputy Chairman of the Board of the Belarusian Universal Commodity Exchange; Tatiana Medvedeva, Leading Researcher of the Department of Legislation on Legal Entities, S.S. Alekseev Private Law Research Center under the President of the Russian Federation; and Irina Petrunina, Director of the Department of Competition, Energy Efficiency and Ecology of the Ministry of Economic Development of the Russian Federation. The moderator was Ekaterina Salugina-Sorokovaya, First Vice President of Gazprombank JSC.
"The Eurasian carbon units can definitely stay out of politics. And here we see great opportunities for cooperation: national and all-Union instruments can be combined to give our companies initiating climate projects more opportunities to implement carbon units beyond the borders. We have now started working on this topic with the Chinese party, and our Member States work with other countries as well," Andrey Slepnev said in conclusion.