Russia ratified the 2015 Paris climate agreement only in 2019. It set a goal to cut Russia’s net CO2 emissions to zero by 2060 several months before the Kremlin ordered troops into Ukraine.
Climate remains one of a few topics where it is still able to find common ground with the western countries, which imposed sanctions on its economy. Russia has among the biggest delegation at COP this year, with 900 people registered.
Russia will promote climate agenda within international organizations. It is in talks with the Shanghai Cooperation Organization members to create a sustainable development council, that will focus on everything from carbon markets to ESG reporting and sustainable development targets. These discussions should start within BRICS as well.
Russia sees the creation of effective markets for carbon trading as important for the energy transition. Natural gas, biofuel and nuclear energy should be considered green and get the same funding as solar and wind.
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