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17 Jan

Decarbonisation seen costing Russian steelmakers billions by 2035

Reducing carbon emissions will cost the Russian economy, including the steel industry, at least RUB 8 trillion ($105 billion) by 2035, warns the Russian Union of Industrialists and Entrepreneurs (RSPP) in an appeal to the government. The introduction of an internal fee for CO2 emissions at the level of €50/tonne ($57) of conventional carbon, by analogy with European rates, could cost Russia an additional 4% of inflation. This is in addition to an increase in …
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