Climate Projects under the Federal Law “On Limiting Greenhouse Gas Emissions” Climate project registration 92-2024-00000017, executor – PJSC “Tatneft”. Validator: LLC MIP “NES Profexpert”. Implementation period: 13.09.2021-31.12.2031. 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: 01.01.2022 –…
The Core Carbon Principles. Overview The fight against climate change demands robust tools. While the voluntary carbon market offers promising potential, ensuring the quality and impact of its credits is crucial. This is where the Core Carbon Principles (CCPs) – a global benchmark developed by the Integrity Council for the Voluntary Carbon Market (ICVCM) in collaboration with…
Climate Projects under the Federal Law “On Limiting Greenhouse Gas Emissions” Climate project registration 22-2024-00000014, executor – LLC “SIBUR-KSTOVO”. Validator: Association “Non-Profit Partnership Coordination and Information Center of CIS Member States on Convergence of Regulatory Practices”. Implementation period: 15.12.2019-14.12.2029. Information on the period during which the implementation of the climate project results in the reduction…
The Voluntary Carbon Markets Integrity Initiative (VCMI) published its Claims Code of Practice in June 2023 and its revised version in November 2023, addressing the demand side of carbon markets and complementing the work of the Integrity Council for the Voluntary Carbon Markets and the Science-Based Targets Initiative (SBTi). The core principle is that emission reductions…
The Ministry of Economic Development of the Russian Federation has submitted for consideration to a wide range of stakeholders a draft action plan for implementing the Strategy for Socio-Economic Development of the Russian Federation with a low level of greenhouse gas emissions until 2050. The following measures are proposed: National commitments and state accounting of…
Mitigation, as defined by the Intergovernmental Panel on Climate Change (IPCC), involves human interventions aimed at reducing emissions or enhancing greenhouse gas sinks. Companies often focus on mitigating their emissions within the value chain, encompassing the entire life cycle of a product or process. However, the Science Based Targets initiative (SBTi) introduces the concept of…
Climate projects under the Federal Law “On Limiting Greenhouse Gas Emissions” Registration of the climate project 92-2024-00000013, the initiator is PJSC TATNEFT NAMED after V.D. SHASHIN. Validator: LLC MIP “NES Profexpert”. Implementation dates: 06/01/2021-10/31/2032. Information on the period during which the implementation of the climate project results in the reduction (prevention) of greenhouse gas emissions…
National Climate Regulation The Bank of Russia recommends that public joint-stock companies and issuers of securities integrate the sustainable development and climate transition into their strategic goals. To do this, organizations need to: The implementation of these recommendations will allow organizations to: Climate projects under the Federal Law “On Limiting Greenhouse Gas Emissions” Udokan Copper…
Overview of the Verified Carbon Standard (VCS) program The Verified Carbon Standard (VCS) program is administered by a non-profit organization Verra. At the time of writing VCS program has produced 1.2 bln Verified Carbon Units (VCU) from 2100+ climate projects in 95 countries. 665 mln of VCU were retired. The closest competitor in terms of the…
