Russia scraps carbon tax plans after industry pushback

Published 15:48 on October 17, 2019  /  Last updated at 02:04 on October 26, 2019  /  EMEA, International, New Market Mechanisms  /  No Comments

Russia has dropped plans to introduce a carbon tax for major emitters, local media reported Thursday, electing instead to merely measure their carbon output.

*A previous version of this article erroneously said that the original economy ministry plan had wanted to introduce an emissions trading scheme in 2025.*

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