Introduction This material deals with the climate project development in accordance with national climate regulations. This material may be useful: By the Appendix No. 1 to the Order of the Ministry of Economic Development of Russia dated 11.05.2022 No. 248, the following criteria for climate projects have been determined: Climate project development is the first…
Regenerative finance stems from the concept of Regenerative Economics, introduced by John Fullerton in his work “Regenerative Capitalism.” Unlike sustainable development, which aims to maintain current systems, regenerative economics focuses on restoring and renewing natural systems, going beyond mere preservation. Building on this foundation, Regenerative Finance (ReFi) combines regeneration principles with decentralized finance (DeFi), leveraging…
As of September 16, 2024, over 190 projects have been registered under the Open Forest Protocol (OFP). OFP operates globally, with projects being implemented across six continents. One key feature of the platform is that verification and project registration fees are free. Project Eligibility Criteria: Once eligibility is confirmed and a call with the OFP…
The legal framework Order No. 417 of the Ministry of Economic Development of the Russian Federation dated July 8, 2024 The Order on Amendments to Annexes No. 1, No. 2 and No. 4 to the Order of the Ministry of Economic Development of the Russian Federation dated May 11, 2022 No. 248 “On Approval of…
Introduction to CBAM The European Union’s Carbon Border Adjustment Mechanism (CBAM) is an ambitious initiative aimed at reducing greenhouse gas emissions by 2030 and 2050, as well as preventing climate change in countries exporting to the EU. These countries can establish similar carbon taxes in their jurisdictions, allowing them to be partially or fully exempted…
International Agenda BRICS Climate Agenda Forum in Contemporary Conditions At the international BRICS forum held in Moscow on August 29-30, the member countries discussed pressing issues related to the climate agenda. As a result of the forum, a Framework on Climate and Sustainable Development was adopted, outlining the main directions of joint work in the…
Finding liquidity to initiate carbon projects can be a complex and challenging process in which DeFi for climate can be helpful. Traditional financial markets and systems often pose significant barriers to entry, particularly for small and medium-sized projects. Here are some of the main challenges: DeFi for climate offers innovative solutions to these challenges, making…
Introduction to Carbon Tokens When carbon units are tokenized, all their information is transferred to the blockchain. Alternatively, carbon units can be issued directly as carbon tokens by the standard. Carbon tokens can be transferred, sold, redeemed, or stored in a blockchain wallet. The functionality of carbon tokens depends on the smart contracts used. Characteristics…
On the territory of the Russian Federation, nature-based climate projects can be implemented through various procedures provided by both national legislation and international agreements such as the Paris Agreement, or independent voluntary standards. Classification of Climate Projects Under national legislation, climate projects are categorized based on the results of their implementation: More details about these…
International Agenda MOU on Climate Change and Low-Carbon Development with India On July 8, 2024, a Memorandum of Understanding on Climate Change and Low-Carbon Development was signed in Moscow between Russia’s Minister of Economic Development Maxim Reshetnikov and India’s Minister of External Affairs Subrahmanyam Jaishankar. The signing took place during the visit of the Indian…
