July 2024

July 2024

Posts in the category “Climate change news” are published monthly. The topic of the news is the major events of the Russian climate regulation.

In addition to news publications, the portal CarbonUnits.RU contains basic information:

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 delegation led by Prime Minister Narendra Modi.

This document became the first agreement of its kind between Russia and a South Asian country, aimed at cooperation in the field of climate change adaptation and the implementation of climate projects. It includes issues of carbon unit trading, the development of low-emission technologies, scientific cooperation in climate monitoring, and the assessment of greenhouse gas emissions. The dialogue is set to continue within the framework of a joint working group with India’s Ministry of Environment, Forest and Climate Change.

Climate projects for voluntary carbon markets

Sibur supplied the Turkish companies with polypropylene along with carbon units

SIBUR supplied the Turkish companies Total Sentetik and Abdiogulları with polypropylene in the amount of 350 and 1,500 tons, respectively. Part of the carbon footprint of the products was compensated by transferring to partners certified reductions in greenhouse gas emissions obtained during the implementation of the climate project at Zapsibneftekhim. The quantity of carbon units remains unspecified.

Climate Projects under the Federal Law “On Limiting Greenhouse Gas Emissions”

Climate project registration 04-2024-00000028, executor – JSC “YENISEISKAYA TGC (TGC-13)”.

Validator: Federal State Budgetary Institution “Russian Energy Agency” of the Ministry of Energy of the Russian Federation.

Implementation period: 01.01.2017 – 31.12.2031.

Information on the period during which the implementation of the climate project results in the reduction (prevention) of greenhouse gas emissions and/or increase in their absorption: 01.01.2017 – 31.12.2031.

Information on the quantity of carbon units to be issued into circulation upon registration of the climate project: 251 917.

Information on the planned amount of reduction (prevention) of greenhouse gas emissions and/or increase in their absorption as a result of the implementation of the climate project: 251 917.

Project essence: switching boiler room consumers to heat supply from a CHP plant in the city of Krasnoyarsk.

Current status of the climate project: implementation.

Methodological Recommendations for Climate Change Adaptation in Russian regions

The Russian Ministry of Economic Development has developed methodological recommendations for incorporating climate change adaptation issues into the strategic planning documents of the Russian Federation’s regions. This initiative supports the national action plan for the second phase of adaptation for the period up to 2025. The recommendations aim to standardize approaches to identifying and responding to climate risks at all levels, from sectoral to corporate. The document includes damage indicators, adaptation measures, and climate change scenarios. With these tools, regions will be able to effectively integrate adaptation strategies into their socio-economic plans, reducing vulnerability to climate risks and attracting funding from the federal budget and public-private partnership mechanisms.