Russia considers own carbon tax as EU prepares one

Russia is considering drafting its own carbon tax as the European Union prepares one to avoid cross-border taxes for Russian firms, the Vedomosti newspaper reported on Thursday, citing three sources. The European Commission has outlined plans to impose a CO2 tariff on polluting goods from 2026 that will force some importers to pay carbon costs at the border on carbon-intensive products such as steel. Moscow has said the tax could affect Russian goods worth $7.6 billion, including iron ore, aluminium, pipes, electricity and cement, and that the tax could eventually be broadened to affect oil, gas and coal exports. Also…