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…
Portal CarbonUnits.RU was created for people who are getting acquainted with climate regulation. In this material, we will try to explain what is meant by the types of climate projects. On the territory of the Russian Federation, climate projects can be implemented through various procedures. These procedures may be provided for by national legislation, international…
Climate Transition Bonds, also known as Climate Bonds, are financial instruments designed to support sustainable development goals. They are part of a broader category of corporate bonds but have a specific focus on promoting the transition from traditional production and consumption models to a low-carbon economy. What are Climate Transition Bonds? These bonds involve the…
As global interest in sustainable development intensifies, companies across all industries are increasingly focusing on reducing their environmental impact. One key aspect of these efforts is understanding and managing the carbon footprint of products. This article provides a detailed guide on calculating a product’s carbon footprint, outlining the process and highlighting the main resources and…
Mandatory greenhouse gas (GHG) emissions reporting is a component of Russian climate regulation. In accordance with Federal Law No. 296-FZ “On Limiting Greenhouse Gas Emissions” of July 2, 2021, entities required to submit GHG reports (regulated organizations) include legal entities and individual entrepreneurs whose activities: The list of GHGs for which state accounting of GHG…
International Agenda Eurasian Intergovernmental Council Meeting in Nesvizh: Climate Agenda Decisions Nesvizh, Belarus: The second meeting of the Eurasian Intergovernmental Council took place on June 3-4. 12 topical issues of Eurasian economic integration were on the agenda. The heads of government of the EAEU countries made strategic decisions on the climate agenda: Joint statement by…
The issuance of carbon units is carried out by the carbon unit registry operator, whose functions, according to the Order of the Government of the Russian Federation dated March 01, 2022, No. 367-r, are entrusted to the Joint Stock Company “Contour.” The procedure for issuing carbon units is provided for in the Rules for the…
By parts 1 and 2 of Article 10 of Federal Law No. 296-FZ of July 2, 2021, “On Limiting Greenhouse Gas Emissions,” it is defined that information about climate projects is contained in the carbon units registry. The creation and maintenance of the registry are carried out by the operator, whose functions are performed by…
Climate project Investments in Russia can be considered in terms of direct investments in the projects themselves and in the carbon units they produce. In this article, we will examine whether there are opportunities for private investments in this sector. Current Situation The Russian carbon unit market has been in its formative stage since September…
