Download Green Investment Scheme in Russia: Perspectives and Constraints

Green Investment Scheme in Russia:
Perspectives and Constraints
Julia Dobrolyubova
Expert on Climate Change and Kyoto Protocol
13, bld.2, 1st Volkonsky lane,
Moscow, 127473 Russia
phone/fax: +7 495 737 6448
e-mail: [email protected]
www.rusrec.ru
REC/CEU GIS Workshop
24-25 April 2008
What is the RREC?
RREC is a part of regional environmental centres network acting in Central
and Eastern Europe, Moldova, Ukraine, Russia, Caucasus and Central
Asia. RREC was founded in 2000 by European Commission and Russian
Academy of Civil Service under the auspices of the Russian President
Our mission
Promotion and introduction of advanced ideas, policies, standards and
best practices by providing information dialogue and implementing
practical actions to ensure environmental quality and sustainable
development of Russia.
Climate change and energy efficiency activities:
• assistance in implementation of the UNFCCC and Kyoto protocol;
• Renewable Energy and Energy Efficiency Partnership (REEEP)
regional secretariat.
Quantitative commitments and emissions profile of Russia
Assigned amount of the Russian Federation (100% of 1990 GHG emissions)
3500
3166
3000
2500
2000
1500
1000
Bln t of
CO2-eq1990
1995
2000
2005
2010
2015
Under the Kyoto protocol Russia is not to exceed the level of emissions of
the base year (1990) in 2008-2012 on average. According to all the
forecasts Russia will fulfill its quantitative commitments and will even have
an excess of quota for trade.
Kyoto Mechanisms: Opportunities for Russia
Advantages of Green Investment Scheme for Russia
- more flexible than JI;
-wider scale in comparison with JI;
(number of developed and potential JI projects in Russia will not be
sufficient to make a significant impact on economic development);
- improvement of the environment and contribution to
sustainable socio-economic development;
- effective supplement to environment policy
- additional opportunity for private sector to attract investments.
Potential areas for GIS investments in Russia
- energy-efficiency
energy saving potential in Russia is estimated as 39-47% of current
energy consumption, especially in such sectors as energy, energyintensive industries and housing and public utilities;
- renewables;
- modernisation of industrial infrastructure;
- improvement of the environment;
- water management;
- forest conservation projects;
- adaptation measures;
- capacity building
Constraints for GIS Development in Russia
- existing budgetary regulations in Russia;
- no internationally agreed procedures for GIS;
- no legal framework for AAUs trading in Russia;
- no authorised body to control of funding and expenditures under GIS
projects;
- no criteria for projects to be financed through GIS;
- concerns on lack of tradable AAUs in a post-2012 period;
- insufficient contribution to climate change mitigation efforts, insignificant
effects for economy and the environment;
- competition between JI and GIS;
- low interest in advancement of AAUs trading due to high oil and gas
export revenues;
-low awareness among stakeholders;
- lack of analytical works and studies.
Issues to be further discussed
- integration of GIS procedures into post-2012 agreement
- potential areas for GIS projects (climate mitigation,
adaptation, environmental investments, capacity-building,
etc.);
- eligibility criteria for GIS;
- comparability of units under different mechanisms;
- monitoring, reporting and verification of achieved
emission reductions;
- advanced GIS approaches (programmatic, possible
linkages with emission trading schemes, non-domestic
projects).
Thank you for your attention!
Julia Dobrolyubova
Phone/Fax: +7-495-737-6448
e-mail: [email protected]