European Commission plans to apply a special carbon tax mechanism to Ukraine
The European Commission plans to apply a special mechanism to Ukraine for the taxation of carbon footprint at the EU border, but the details of this approach remain unknown.
This was announced on June 8, 2021, in a comment to GreenDeal by Deputy Minister of Economy - Trade Representative of Ukraine Taras Kachka.
"The main result of the negotiations [of the Ukrainian delegation - Ed.] with the European Commission is that a special approach will be applied to Ukraine. What it will look like is not yet clear, based on the documents about CBAM, which appeared in the media on Friday, June 4, 2021,” he said.
According to Taras Kachka, in order to apply a special rather than a general approach, Ukraine needs to introduce a market for carbon emissions.
"Currently, this system is in the process of preparation, it will be launched in 2025-2026. The sooner we get to it, the better," the Deputy Minister added.