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Emissions Trading and Green Investments in Russia

Author

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  • Arild Moe
  • Kristian Tangen
  • Vladimir Berdin
  • Oleg Pluzhnikov

Abstract

In simple terms a Green Investment Scheme entails connecting revenues from emissions trading to investments in environmental activities in Russia. This article presents insights derived from an international project on the GIS, focusing on issues that must be addressed if the concept is to become operational, on the background of the domestic, as well as international interests connected to a GIS. GIS is a worthwhile concept with the potential to bring real environmental benefits and meet profound concerns from several of the key actors in the Kyoto regime. However, establishing a well-functioning GIS means removing many of the current barriers that hold back investments in Russia. At the time of writing, Russia has still not decided whether it will ratify Kyoto Protocol. GIS illustrates that there will be substantial benefits for Russia from ratifying the Kyoto Protocol, which is a prerequisite for its entering into force.

Suggested Citation

  • Arild Moe & Kristian Tangen & Vladimir Berdin & Oleg Pluzhnikov, 2003. "Emissions Trading and Green Investments in Russia," Energy & Environment, , vol. 14(6), pages 841-858, November.
    • Handle: RePEc:sae:engenv:v:14:y:2003:i:6:p:841-858
    DOI: 10.1260/095830503322793704
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