Spimex Preps Carbon Trading

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The St. Petersburg International Mercantile Exchange (Spimex) is preparing the groundwork for a national carbon trading market that will start operating once the necessary legislation and regulations are in place. There were expectations that Russia might have frozen its carbon-related plans as leaders were forced to shift attention to shielding the economy from unprecedented sanctions. But Moscow believes that it needs to establish its own carbon market as the country hopes to stick to its target of becoming carbon neutral by 2060.

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