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21 October 2022, 13:35

EAEU prime ministers adopt package of measures on climate agenda

MOSCOW, 21 October (BelTA) – A session of the Eurasian Intergovernmental Council took place in Yerevan, Armenia on 20-21 October. Prime Minister of Belarus Roman Golovchenko took part in it. The council instructed the Eurasian Economic Commission in association with EAEU governments to ensure the fulfillment of a roadmap within the framework of the climate agenda, BelTA has learned.

Member of the Board (Minister) for Trade of the Eurasian Economic Commission Andrei Slepnev said: “The realization of the package of measures will give an impulse to joint efforts to develop technologies and advance manufacturing cooperation within the framework of the Eurasian Economic Union. It will also allow enhancing the competitive ability of EAEU products on the global market. Apart from that, it will be possible to prevent the emergence of trade barriers on the EAEU market due to differences in national laws and regulations.”

The roadmap focuses on seven areas. Those include analysis of national regulations in the climate sphere and preparation of proposals for the development of common approaches in this area; development of proposals for working out joint market and non-market mechanisms for carbon regulation to achieve Paris Agreement goals; determination of measures to stimulate low-emission transformation in the following industries depending on competences: transport, power engineering, metallurgy, chemical industry, civil engineering, agriculture; Eurasian low-carbon development initiatives; green financing; formation of a bank of climate technologies and digital initiatives; coordination in the field of international trade relations on climate agenda matters and other kinds of interaction in order to promote interests of the EAEU member states in the climate sphere in the international scene.

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