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Russian Interest in the Kyoto Protocol and Market Mechanisms

Russian Interest in the Kyoto Protocol and Market Mechanisms. PEEER Moscow, Russia September 14, 2009 Egor Kotov. Kyoto. 1999 – Russia signed the Kyoto Protocol 2004 – Russia ratified the Kyoto Protocol. EU ETS. 2005-2008 – First trading period 2008-2012 – Second trading period.

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Russian Interest in the Kyoto Protocol and Market Mechanisms

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  1. Russian Interest in the Kyoto Protocol and Market Mechanisms PEEER Moscow, Russia September 14, 2009 Egor Kotov

  2. Kyoto • 1999 – Russia signed the Kyoto Protocol • 2004 – Russia ratified the Kyoto Protocol EU ETS • 2005-2008 – First trading period • 2008-2012 – Second trading period

  3. JI/AAU Country Ratings

  4. Lagging Behind

  5. Checklist • Assigned amount calculations • Inventory submission • National Registry • National System

  6. National system • Emission allowance form (since 2007) • Allowances allocation system • Trade profits redirection scheme • Renewable Energy Sources Act • Emissions trading Act

  7. Tradable amount

  8. Global Carbon Market • € 82 bn in 2008 • € 58 bn in 2009 • € 467 bn in 2013 Source: SBI. 2009

  9. Price for Russian carbon €85 billion at €15 per unit World • € 82 bn in 2008 • € 58 bn in 2009 • € 467 bn in 2013

  10. No time to hesitate • 2 years into 1st commitment period • Legislation stuck in 2007 • 39 months to go • 144,9 million ton per month to sell

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