The European Green Deal: Risks and Opportunities for the EU and Russia

... offset by payments for CO 2 emissions. Vladimir Likhachev: Both… But Can We Do Without the Emotions, Please. Towards a Discussion on Renewable Energy Sources and the Nuclear Energy Sector Russia, in turn, may face the dire prospect of losing its energy and carbon-intensive markets as well as encounter challenged posed by the BCT. Most of the profound consequences will stem from a gradual loss of oil and gas markets following a drop in demand and prices, which may additionally be exacerbated by the carbon tax. Oil and gas revenues play a key role in the Russian budget, with ...