Russia Ratification Of Paris Agreement

  • October 5, 2021

The agreement has been signed by 196 countries and aims to mitigate the effects of climate change by reducing carbon emissions and limiting the increase in global temperature to less than 2 degrees Celsius. During a budget discussion with Putin on Monday, Medvedev said funding for environmental programs would be increased, but did not mention the Paris agreement. Meanwhile, the Russian Ministry of Economic Development has accelerated climate policy. A national adaptation plan is being developed and draft laws have been drafted to introduce carbon taxes and other mechanisms to regulate greenhouse gas emissions. Earlier this year, the Russian Union of Industrialists and Entrepreneurs, Russia`s main industrial lobby, abandoned its opposition to the Paris Agreement. Russia`s prime minister on Monday formally backed the Paris climate agreement and ordered that Russian laws be adapted to his commitments, according to a decree published on the government`s website. Russia has ratified the Paris climate agreement, marking a shift in the rhetoric of the world`s fourth-largest greenhouse polluter, although its promised targets are so low that it can still increase emissions. A government source told AFP that the document was “the last step in the procedure for the Russian adoption of the Paris Agreement”. The Paris Agreement is part of the United Nations Framework Convention on Climate Change (UNFCCC), which deals with the reduction, adaptation and financing of greenhouse gas emissions and was signed in 2015.

Russia`s ratification of the Paris Agreement undermined long-awaited climate legislation presented to Parliament in December 2018, which would have imposed emission allowances and penalised major polluters. The influential Russian Union of Industrialists and Entrepreneurs has effectively pledged to reduce the legislation to a five-year emissions audit. But this is little more than a sleight of hand, as Russian industry is still operating much slower today than before the collapse of the Soviet command economy. As of 2017, Russia`s emissions were 32% lower than in 1990. This will allow it to pollute more while achieving its current objectives of the Paris Agreement. The government`s resolution insisted that this was not necessary, as Moscow had already committed in April 2016 to respect its commitments under Paris by formally signing the agreement. Russia`s ratification of the Paris Agreement in 2019 was followed in early 2020 by the publication of its draft long-term climate strategy. This strategy includes emission projections for 2050 that, even in the most ambitious scenario, project a level of greenhouse gas (GHG) emissions at about the current level. It is more than likely that Russia will achieve both its current Paris Agreement target and its proposed new target for 2030 under the current policy.

The Russian Union of Industrialists and Entrepreneurs withdrew its opposition to the climate deal in January, citing fears of sanctions against Russian companies. . . .