Monday, October 25

Russia drafts new, more ambitious decarbonisation strategy-Kommersant newspaper


Article content

MOSCOW — The Russian government has drafted a new decarbonisation strategy that sets a 2060 net zero emissions target and provides for more aggressive measures to tackle emissions than previously, the Kommersant newspaper reported on Wednesday.

The European Union, Britain and Italy last week urged Russia to commit to reach net zero carbon dioxide emissions by 2050 and step up its plans to tackle climate change ahead of the COP26 summit.

Under the new strategy – which is yet to be approved by the cabinet – Russia will aim to cut carbon dioxide emissions by 79% by 2050 in an “intensive” scenario which serves as its base case, according to Kommersant.

Article content

The plan includes shifting electric power generation from coal-based power plants to gas turbines, nuclear, hydroelectric and renewable power facilities, it said.

The adoption of the proactive plan will slow the decline of Russia’s oil and gas exports, according to a draft document cited by Kommersant, by including products with greater added value in the mix and making Russian hydrocarbons more competitive.

Under its terms, emissions will peak in 2030 and start declining afterwards.

Russia, which had long rejected the idea of ​​a carbon tax, pivoted last month after the EU plans to impose a CO2 tariff on polluting goods from 2026. (Reporting by Darya Korsunskaya; Writing by Olzhas Auyezov; Editing by Jan Harvey)



financialpost.com

Leave a Reply

Your email address will not be published. Required fields are marked *