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Russia approves 2 greenhouse projects under Kyoto Protocol
OJSC Belarusian Universal Commodity Exchange

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2012.05.07 | Russia approves 2 greenhouse projects under Kyoto Protocol

Russia’s Economic Development Ministry has approved two Joint Implementation (JI) projects under the Kyoto Protocol’s provisions for greenhouse gas emissions, according to the ministry’s regulation signed on Thursday.

The ministry approved an associated gas purifying program to be used at the Naryanmarneftegas company, which operates Yuzhno-Khylchuyuskoye oil field, and a multi-fuel furnace installation project for the Leningrad Region-based International Paper plant.

The expected amount of greenhouse gas emission reduction for each project is 1.6 million tonnes of carbon dioxide equivalent.

The Russian government earlier said that it refused to participate in the Kyoto Protocol’s second round of provisions scheduled to come into effect in 2013. According to a decree signed by the government, new JI project applications may be submitted until May 1.

PRIME-TASS


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