Abstract
The introduction of the "carbon tax" in cross-border operations worldwide and its imminent payment obligation for Russian exporting companies are being examined. A carbon farm is presented as a tool for reducing the carbon footprint. Three different methods for calculating the net benefits of carbon footprint reduction are evaluated, accompanied by formulas for formalizing the resulting economic impact. Sixteen typical dump sites are examined in relation to their economic net benefit and three promising locations are identified. The analysis findings may serve in formulating and executing an ESG strategy aligned with sustainable development in the business sector.
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