News
Publish date: March 18, 2008
News
Still, in Northwest Russia, historic climate quota deals have already been struck.
The state official in charge of Kyoto implementation in Russia told Reuters Thursday that "the most correct approach is forbidding everything but allowing certain things to go forward. The worst approach is to approve everything but say certain things are forbidden"
Russian Deputy Economic Development and Trade Minister Vsevolod Gavrilov confirmed that "we are working according to a principle of rejection," The Moscow Times reported.
Despite the negative Russian position on the Kyoto deals, historic headway has still been made. In Northwest Russia, Finnish energy major Fortum has agreed with Territorial Generating Company No. 1 about the purchase of approximately 5 million metric tons of emission reduction units. The deal is the largest ever trade of CO2 emission reduction units in Russia, said the Barents Observer.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.