Russia Faces Fossil Fuel Industry Opposition Over Law to Limit Emissions

Source: Desmog UK

 

Read time: 4 mins

Russia is considering climate legislation that could give the world’s fifth largest emitter a framework for regulating carbon emissions for the first time.

The draft bill would give the government powers to introduce greenhouse gas emission targets for companies, and charges for those that exceed them, with proceeds potentially going into a fund to support carbon-cutting projects.

The legislation, which has been drawn up by the Ministry of Economic Development, is under consultation with other ministries and stakeholders and expected to be finalised in June.

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