Energies 2022, 15, 7111. https://doi.org/10.3390/en15197111 www.mdpi.com/journal/energies Article Mechanisms for Tax Regulation of CO2‐Equivalent Emissions Alex Borodin 1, *, Vladislav Zaitsev 1 , Zahid F. Mamedov 2, , Galina Panaedova 3 and Andrey Kulikov 4 1 Department of Sustainable Development Finance, Plekhanov Russian University of Economics, Moscow 117997, Russia 2 Department for Organization and Management of Scientific Activities, Azerbaijan State University of Economics, Baku 1001, Azerbaijan 3 Department of Tax Policy and Customs Affairs, North‐Caucasus Federal University, Stavropol 355017, Russia 4 Department of Organization of Medical Provision and Pharmacoeconomics, I.M. Sechenov First Moscow State Medical University (Sechenov University), Moscow 119991, Russia * Correspondence: aib‐2004@yandex.ru Abstract: The aim of the work is to develop a mechanism for cross‐border carbon regulation for countries importing products to the EU, which will equally allow importing countries to fulfill the conditions of the Carbon Border Adjustment Mechanism (CBAM), encourage manufacturers to re‐ duce CO2 emissions, and also provide importing countries with opportunities to replenish their budget by introducing paid emission quotas greenhouse gases. The work makes a significant con‐ tribution to stimulating the reduction of CO2 emissions by producers due to the proposed tax mech‐ anism and preventing the leakage of greenhouse gases on the territory of third countries according to the CBAM policy. The EU evaluates double taxation, so if a carbon tax has been withdrawn in the territory of the exporting country, then such a tax will not be levied again in the EU. All this involves stimulating exporting countries by creating their own taxation systems, which will have interna‐ tional qualifications and be recognized by countries around the world. When choosing a taxation mechanism, it is important to choose the specifics for visiting group gases. The study was conducted on the basis of methods of comparison, modeling, analysis and deduction. Keywords: green economy; greenhouse gases; cross‐border carbon regulation; investments; taxes 1. Introduction All over the world, environmentalists are sounding the alarm about the increase in atmospheric temperature, which entails the melting of glaciers and the possible cata‐ clysms associated with this [1–8]. The main cause of warming is the endless emissions of greenhouse gases due to the development of production and increased consumption. The European Union is planning to introduce transboundary carbon regulation, which aims to curb carbon emissions by imposing additional duties on emissions and phasing out carbon quotas. As a result, companies will be forced to modernize production and reduce emissions, and the states of the European Union will receive additional budget revenues. This carbon tax is planned to be levied not only from enterprises whose pro‐ duction is located in the EU, but it will also apply to all imported goods on the territory of the EU member states. However, in order to avoid double taxation, EU Member States will not re‐levy the tax on imported goods if they were previously subject to carbon tax in other countries [9–15]. In this regard, the Russian authorities are also developing and im‐ plementing a system for accounting for greenhouse gas emissions, as well as developing a system for taxing such emissions. In this paper, we will consider the prospects for intro‐ ducing a carbon tax in Russia, and also evaluate possible additional revenues from such a tax. Citation: Borodin, A.; Zaitsev, V.; Mamedov, Z.F.; Panaedova, G.; Kulikov, A. Mechanisms for Tax Regulation of CO2‐Equivalent Emissions. Energies 2022, 15, 7111. https://doi.org/10.3390/en15197111 Academic Editors: Luigi Aldieri and Antonis A. Zorpas Received: 2 September 2022 Accepted: 22 September 2022 Published: 27 September 2022 Publisher’s Note: MDPI stays neu‐ tral with regard to jurisdictional claims in published maps and institu‐ tional affiliations. Copyright: © 2022 by the authors. Li‐ censee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and con‐ ditions of the Creative Commons At‐ tribution (CC BY) license (https://cre‐ ativecommons.org/licenses/by/4.0/).