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DSAV111 57350001-CN Russian Prime Minister Alexander Mishustin on November 1 approved the socio-economic development Strategy for Low Greenhouse gas emissions in Russia by 2050. The strategy says Russia will achieve low greenhouse gas emissions while growing its economy sustainably and aims to be carbon neutral by 2060.
DSAV111 57350001-CN According to the news released on the Russian government website, the Strategy for Russia’s low-carbon development and emission reduction prospects put forward a “target plan” based on improving the carbon sequestration capacity of forests and other ecosystems and achieving energy transformation. Russia will achieve emission reduction and carbon neutrality in accordance with the development path of the “Target Plan” to ensure the competitiveness of Russia and sustainable economic growth in the context of the global energy transition, while achieving economic “decarbonization” development.
DSAV111 57350001-CN According to the plan, Russia will achieve economic growth while achieving the goal of low greenhouse gas emissions, that is, by 2050, Russia’s net greenhouse gas emissions will be reduced by 60 percent from the 2019 emission level, while reducing emissions by 80 percent from the 1990 level, and achieving carbon neutrality by 2060.
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DSAV111 57350001-CN According to the Strategy, Russia plans to support the application and expansion of low – and carbon-free technologies, stimulate the use of secondary energy sources, and adjust tax, customs and budget policies. At the same time, Russia will develop green finance, take measures to protect and improve the carbon sequestration capacity of forests and other ecosystems, and improve greenhouse gas recycling technology.
DSAV111 57350001-CN The Ministry of Economic Development of Russia will prepare an action plan for the implementation of the Strategy within six months. Mishustin said the climate project could be implemented as early as next year. Russia will launch a mandatory carbon reporting system for companies as early as 2023.
