Russia Persists on Climate

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Russian officials, at recent public appearances, have laid out ways that the country will move forward with its decarbonization plans announced by President Vladimir Putin in October 2021 and which envisage the country's net-zero target by 2060 or earlier. Putin last year first announced the country's plan to become carbon neutral by 2060 or earlier. Russian officials are currently amending national strategic plans, including the low-carbon development strategy till 2050, to meet that target. Decarbonization efforts would include the development of alternative energy sources, carbon capture and storage project development, the development of carbon trading, the deployment of low- and zero-carbon technologies, energy efficiency measures, and the preservation and expansion of the carbon-absorption capacity of the country's forests. Speaking at the recent Gaidar forum, Putin's special envoy for climate, Ruslan Edelgeriyev, said international cooperation and the recognition of the role and absorption capacity of Russian forests would be the key element of Russian negotiations with foreign regulators this year.

Low-Carbon Policy, Carbon Markets , Emerging Technologies, Policy and Regulation, Renewable Electricity
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