Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation

1
Review of Prospects for Implementation of the
Kyoto Protocol in the Russian Federation

• O.B. Pluzhnikov, V.A. Maksimov
• Ministry of Economic Development and Trade of
  Russia

2
Milestones

• Decree by the RF Government on Preparation of an
  Integrated Action Plan for Implementation of the
  Kyoto Protocol September 30, 2004
• Ratification November 4 2004
• Coming into Force February 16, 2005
• Approval of the Integrated Plan February 24,
  2005

3
Integrated Plan in Action (1)

• Obligations of Parties to the Kyoto Protocol
• Achievement of the Emission Level established in
  Annex B during 2008-2010
• Policy and Measures
• National System for Emission Assessment
• Reporting

4
Integrated Plan in Action (2)

• Participation in mechanisms of Articles 6, 12,
  17
• List of Legislative and Regulatory Documents
  2nd Quarter of 2005
• Regulation on JI Projects 2nd Quarter of 2005
• Legalization of Register 3rd Quarter of 2005

5
Integrated Plan in Action (3)

• Participation in International Activities
• COP-11/MOP-1
• Bilateral negotiations EU, Denmark, the
  Netherlands, Germany, Spain, Canada, France,
  Japan
• World Bank, EBRD

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Conditions for Participation in Mechanisms

• Establishment of a national system for GHG
  emissions and discharge
• Submission of reports in standard format (CRF)
• Approval of Assigned Amount (in AAUs)
• Establishment of National Register

7
Joint Implementation Projects (JI Projects)

• National and International Procedures for
  Consideration and Approval of JI Projects
• Track 1 National Conditions (Deadline
  according to the Integrated Plan 2nd Quarter of
  2006)
• Track 2 Consideration of JI Projects by
  Supervisory Committee

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• Pluses and
• Significant potential for emission reduction
• Attraction of investments for low-profitable
  sectors
• Creation of potential for post-Kyoto period

• Minuses
• Complexity of procedures
• High transaction expenses
• Uniqueness vs Market of Quotas

9
Mechanisms of Trade (Article 17)

• Alternatives
• Through participation in the European Trading
  Scheme (is in the process of discussions with EU)
• Through the scheme of green investments (being
  discussed with all purchasers)
• Direct trade (chilly attitude of main
  purchasers)

10
Contact Persons

• Oleg Borisovich Pluzhnikov
• Pluzhnikov_at_economy.gov.ru
• Vladimir Alexeyevich Maximov
• Maximovva_at_economy.gov.ru