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EEC starting to implement roadmap as part of climate agenda
The Eurasian Intergovernmental Council instructed the Eurasian Economic Commission, together with the governments of the EAEU countries, to ensure the implementation of the roadmap as part of the climate agenda.
"The implementation of the package of measures will give the integration association a new impetus in terms of joint efforts to develop technologies and industrial cooperation, and will also increase the competitiveness of the EAEU products in the global market," noted Andrey Slepnev, EEC Minister for Trade. "Moreover, it will be possible to prevent the emergence of trade barriers in the Union market caused by differences in national regulation."
Totally, the roadmap includes seven areas:
- analysis of national legislative regulation in the climate sphere and preparation of proposals for the development of common approaches therein;
- development of proposals for the formation of joint market and non-market mechanisms for carbon regulation to achieve the goals of the Paris Agreement;
- determination of measures to stimulate low-emission transformation in the following industries, with regard to competence: transport, energy, metallurgy, chemical industry, construction, agriculture;
- Eurasian low-carbon development initiatives;
- green financing;
- formation of a Bank of Climate Technologies and Digital Initiatives;
- coordination in the field of international trade relations on the climate agenda issues and other interaction in order to promote the interests of the EAEU Member States in the climate sphere in the international arena.
For reference
Within the EAEU framework, a High-Level Working Group (HLWG) was set up to develop proposals for rapprochement of the positions of the EAEU Member States in terms of the climate agenda. The HLWG is headed by the EEC Minister for Trade Andrey Slepnev. Based on the proposals received from the countries of the Union, the composition of the HLWG was approved at the level of deputy heads of the authorized bodies of the Member States.
On October 14, 2021, a Statement on Economic Cooperation between the EAEU Member States within the framework of the climate agenda was adopted at a meeting of the Supreme Eurasian Economic Council. The draft statement was prepared by the HLWG. This document, signed on the eve of the 26th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change in Glasgow, sets the vector for the formation of agreed approaches in this area within the framework of the integration association.
At the HLWG site, active work was carried out to agree on the First Package of Measures (Roadmap) of the EAEU as part of the climate agenda in order to prevent barriers and restrictions in the internal market of the Union and maintain competitiveness of the economies of the EAEU Member States in the context of global technological transformation and changes in the structure of the global economy.
