European Union

The current paper provides an analysis of the European Green Deal on the territory of the Russian Federation. The development of relations between the European Union and Russia throughout the green transition has a significant impact on global prospects for deep decarbonization. Russia is the world’s leading exporter of fossil fuels (coal, oil, and natural gas), as well as a major supplier of hydrocarbons and carbon-intensive goods to the European Union. This paper will demonstrate that the European Union cannot simply replace these imports with primary goods from other countries, and that Russia is not motivated to cut GHG emissions unless the European Union provides extra incentives.