Baerbock: Russia prepares for CO2 border adjustment tax

Foreign Minister Annalena Baerbock (Greens) expects that the EU’s planned CO2 border adjustment tax will also lead to a switch to renewable energy in Russia. “The EU’s plans for a CO2 border adjustment tax are being taken very seriously there – and the energy and steel sectors, in particular, know that they have to adapt to this to remain competitive,” Baerbock told the newspapers of the Funke Mediengruppe and the French newspaper Ouest France, according to an advance report.

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