Russia should prepare for de-carbonization, carbon tax in advance — Security Council

Dmitry Medvedev noted that it is required to develop a high-precision system for recording of greenhouse gas emission and absorption

MOSCOW, September 28. /TASS/. Russia needs early preparation for economic innovations introduced on the back of climate changes, including de-carbonization and the carbon duty, Deputy Chairman of the Security Council Dmitry Medvedev said on Tuesday.

Many countries are working now on de-carbonization of industries, transition to alternative energy sources, and launch of the greenhouse gas quotas trading system, the official said. The European Union plans to introduce a carbon duty since 2025, which may entail further huge payments to the EU budget for Russia, “taking into account a fairly large amount of trade turnover between Russia and the European Union member-countries,” Medvedev noted.

“These are complex processes and we need to prepare in advance to all such economic innovations that are associated with climate changes,” he added.

It is also required to develop a high-precision system for recording of greenhouse gas emission and absorption, Medvedev noted. Domestic approaches to the assessment of carbon intensity of products should be updated for their recognition at the international level, the official said.

Internet Explorer Channel Network
News Related

OTHER NEWS

China's ‘unfair trade practices' draw heavy fire at WTO trade review

China was accused of a laundry list of trade felonies and economic bullying during a series of attacks by other nations at the World Trade Organization (WTO) in Geneva on ... Read more »

Supply-chain disruptions are now causing a shortage of juice boxes

Supply chain problems are impacting the stock of Capri-Sun products at a grocery stores in the US. ZUMAPRESS.com Juice boxes are the latest victim of the supply-chain issues causing shortages ... Read more »

Supply bottlenecks, labour shortages slowed US growth: Fed

WASHINGTON (AFP) – Supply bottlenecks and labour shortages have slowed US economic growth and contributed to a sharp rise in prices, the Federal Reserve said on Wednesday (Oct 20). The ... Read more »

Debit or credit card? Payment cards will be replaced from 2023

Millions of debit cards in the Netherlands will be replaced from mid-2023. Both Mastercard and Visa are coming with new technology, which will change the Maestro and V Pay logos ... Read more »

DHL combating fraudsters using corporate name — VP

Fraudsters often attempt to act under the DHL logo Read more »

Woman secretly built $47 million company after quitting her job as an accountant

Showpo CEO Jane Lu attends SHOWPO US Launch Party At Neuehouse Hollywood at NeueHouse Hollywood on August 24, 2017 in Los Angeles, California. Alison Buck A savvy businesswoman has revealed ... Read more »

In-N-Out Burger slams San Francisco over COVID-19 vaccine mandate

Burger chain In-N-Out slammed San Francisco’s vaccine mandate after one of its stores was temporarily closed by city health officials — ripping the “offensive” order as “clear governmental overreach.” The ... Read more »

56,744 euros: bitcoin reaches its highest level ever

Bitcoin has hit a new record. The cryptocurrency has reached a value of 66,000 dollars (56,744 euros), reports the American news agency Bloomberg. After the currency hit the previous record ... Read more »

Eelco Hoekstra starts second career after twenty years of Vopak

A board chairman of a listed company who announces his departure after eleven years is not an everyday occurrence. The fact that the retiring CEO, Eelco Hoekstra of Vopak, has ... Read more »

UAW tells members to urge Congress to back union-made EVs in the U.S.

UAW Local 5960 member Kinethia Black fills the brakes of a 2022 Chevrolet Bolt EUV during vehicle production on Thursday, May 6, 2021 at the General Motors Orion Assembly Plant ... Read more »

Shoppers Stop Q2 net loss at Rs 3.68 crore; sales up two-fold to Rs 642 crore

Retail chain Shoppers Stop Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 3.68 crore for the September quarter, helped by a comeback in sales. The company ... Read more »

Paypal in US$45 billion bid for Pinterest, say sources

NEW YORK (REUTERS) – PayPal Holdings has made an offer to buy digital pinboard site Pinterest for US$45 billion (S$60 billion), people familiar with the matter said on Wednesday (Oct ... Read more »

Bitcoin hits new high as launch of new fund opens up market to wider class of investors

The world's leading cryptocurrency has bounced back after a dip to less than $30,000 earlier this year despite repeated warnings from regulators about the risks involved in investing in such assets. Read more »

Stocks making the biggest moves midday: Pinterest, Sonos, Anthem and more

Customers view merchandise in an experience room at the Sonos store in New York.Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Pinterest ... Read more »

Rosneft launches petrochemical production program in India — CEO

Leading oil and gas companies of India are proactively investing in the largest Russian projects of Rosneft Read more »

‘PayPal wants to buy Pinterest image site'

Pinterest members can ‘pin’ images they find online and organize them by theme, for example to get inspiration for the interior. Like other social media companies, the company makes the ... Read more »

What is the 'two-tiered wage system' fueling worker strikes?

“If you’re not equal in pay, you’re not equal,” said one labor union representative. Read more »

SC rejects bail plea of ex-Amrapali director Shiv Priya on medical grounds

The Supreme Court on Wednesday rejected the plea of the ex-director of Amrapali Group seeking bail on medical grounds in the money laundering case against him saying that it is ... Read more »

Mahindra XUV700 bookings hit 65,000 in two weeks

SUV specialist Mahindra & Mahindra claimed that it has clocked 65,000 cumulative bookings for the XUV700 within two weeks of launch. The Mumbai-based company has partnered with a consulting company to ... Read more »

Maestro disappears from the debit card

Retailers with an ATM that only accepts Maestro payments will then have to replace their machines. Maestro, known for the two flowing red-orange circles, is disappearing because, according to Mastercard ... Read more »

PayPal in talks to buy Pinterest: Report

Payments giant PayPal Holdings Inc is in talks to buy digital pinboard site Pinterest Inc, according to a person directly familiar with the matter. The companies have discussed a potential ... Read more »

Is Tesla stock an ESG investment? The case for and against Elon Musk's EV company

Tesla CEO Elon Musk and Christian Democratic Union (CDU) party leader Armin Laschet visit the construction site of Tesla's Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021.Patrick Pleul | ... Read more »

South Limburg is looking for contact center employees: ‘Customers experience soft g as pleasant'

In South Limburg, employers are looking for employees in customer service. Contact centers are present in increasing numbers because the Dutch are increasingly shopping online. The South Limburg region is ... Read more »

SpaceX expected to become more valuable than Tesla, Morgan Stanley survey finds

Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test.SpaceX Between Elon Musk's two largest companies, investors and experts have a long-term favorite. Most ... Read more »

US employers may have to 'pay more' amid labor shortage: Janet Yellen

US employers especially in the service sector may have to raise wages as the economy adjusts to a labor shortage, but that would be a “good thing” for workers, Treasury ... Read more »

Mindtree Executive Director and COO Dayapatra Nevatia resigns

Bengaluru-headquartered IT services firm Mindtree Ltd announced in a regulatory filing on October 20 that the company’s executive director and chief operating officer (COO) Dayapatra Nevatia has resigned from the position. ... Read more »

Millions of pensions again threaten not to be indexed: new figures on Thursday

Premium The best of De Telegraaf Through Dave Krajenbrink Updated 4 min ago15 min ago in MONEY At pension fund Calpam, retirees enjoy their retirement provision very much. ⓒ ANP/HH ... Read more »

Evergrande scraps US$2.6 billion sale of property services unit to Hopson, suffering a second rebuff to its asset disposal in a week

China Evergrande Group scrapped the sale of its property management unit to a rival, as its asset disposal plan was rebuffed for the second time in a week just before ... Read more »

Mastek Q2 net profit up 37.8% at Rs 81.5 crore

IT firm Mastek has seen its consolidated net profit grow 37.8 per cent to Rs 81.5 crore for the quarter ended September 30, 2021. This is against a net profit ... Read more »

Weidmann exits after dogged campaign against ECB's approach to 'addictive' cheap money

The head of the Bundesbank is leaving at a time when inflation is taking off across the world - and his departure hands the new German government with a tough decision to make on his replacement. Read more »

Russian authorities worried about possible aftermath of European energy crisis, says Putin

The president also said that prices for various goods would eventually increase Read more »

Russia does not expect gas situation in Europe to balance out soon — Novak

Russian Deputy Prime Minister noted that the situation would depend on the autumn-winter period and the level of temperatures, as well as on the level of demand for gas in Europe and other markets Read more »

‘All of Holland paints': even after corona we will remain more do-it-yourself

Premium The best of De Telegraaf Through Gert van Harskamp 6 min ago in FINANCIAL AkzoNobel CEO Vanlancker: “Going on the ladder to give the house a lick of paint ... Read more »

Spirits industry pushes for states to lower state taxes on canned cocktails to compete with beer and hard seltzer

Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020.Smith Collection/Gado | Archive Photos | Getty Images John Granata, co-founder of ... Read more »

Hoe moet de luchtvaart duurzamer? KLM-topman Pieter Elbers aan het woord

Minder vliegen? Ja, zegt Pieter Elbers, dat is ook een manier om de uitstoot van de luchtvaart te verminderen. Niet de oplossing an sich, zegt de president-directeur van KLM, maar ... Read more »

Renault eyes bigger production cut as chip shortage rumbles on

French carmaker Renault expects to produce at least 300,000 fewer vehicles this year due to the global shortage of semiconductor chips, three sources close to the firm told Reuters on ... Read more »

Situation on gas market remains tense, prices grow 3.5-fold in 2021 — Novak

At the same time, Russia expects to see a significant increase in gas demand in the countries of the Asia-Pacific region in 2021, the Deputy Prime Minister said Read more »

The Good Glamm Group acquires digital media platform ScoopWhoop

Darpan Sanghvi, co-founder and CEO, The Good Glamm Group Digital media platform ScoopWhoop has been acquired by The Good Glamm Group. This is the second acquisition by the company in ... Read more »

L&T Finance Holdings' net profit falls 10% to Rs 223 crore in Q2

L&T Finance Holdings (LTFH) on Wednesday reported a 10 per cent decline in its consolidated net profit to Rs 223 crore for the second quarter ended September 2021. The non-banking ... Read more »

EPFO added 14.81 lakh net subscribers in August

(Source: ShutterStock) Retirement fund body Employees Provident Fund Organisation (EPFO) on October 20 said it added 14.81 lakh net subscribers during August 2021. “For the month of August 2021, the net ... Read more »