Russia will adopt “climate” regulation for the first time

On February 17, 2021, the Government of the Russian Federation at a meeting supported the draft law on limiting greenhouse gas emissions prepared by the Ministry of Economic Development. The document provides for the introduction of a phased model for regulating greenhouse gas emissions without taxation and mandatory payments.

“The government, on behalf of the President of Russia, has prepared a draft law on limiting greenhouse gas emissions. This is part of our international obligations under the Paris Agreement and the new climate policy of the Russian Federation. This is the first time we have adopted such regulation, ” Prime Minister Mikhail Mishustin said at a cabinet meeting.

According to him, on the basis of this document, a system of state accounting and implementation of projects to reduce greenhouse gas emissions and increase their absorption will appear.