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Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation

Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation. O . B . Pluzhnikov, V . A . Maksimov Ministry of Economic Development and Trade of Russia. Milestones:.

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Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation

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  1. Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation O.B. Pluzhnikov, V.A. Maksimov Ministry of Economic Development and Trade of Russia Moscow - June 14, 2005

  2. Milestones: • Decree by the RF Government on Preparation of an Integrated Action Plan for Implementation of the Kyoto Protocol – September 30, 2004 • Ratification – November 4 2004 • Coming into Force – February 16, 2005 • Approval of the Integrated Plan – February 24, 2005 Moscow - June 14, 2005

  3. Integrated Plan in Action (1) Obligations of Parties to theKyoto Protocol: • Achievement of the Emission Level established in Annex Bduring 2008-2010 • Policy and Measures • National System for Emission Assessment • Reporting Moscow - June 14, 2005

  4. Integrated Plan in Action (2) Participation in mechanisms of Articles 6, 12, 17: • List of Legislative and Regulatory Documents – 2nd Quarter of 2005 • Regulation onJI Projects – 2nd Quarter of 2005 • Legalization of Register – 3rd Quarter of 2005 Moscow - June 14, 2005

  5. Integrated Plan in Action (3) Participation in International Activities: • COP-11/MOP-1 • Bilateral negotiations – EU, Denmark, the Netherlands, Germany, Spain, Canada, France, Japan • World Bank, EBRD Moscow - June 14, 2005

  6. Conditions for Participation inMechanisms • Establishment of a national system for GHG emissions and discharge • Submission of reports in standard format(CRF) • Approval of Assigned Amount (in AAUs) • Establishment of National Register Moscow - June 14, 2005

  7. Joint Implementation Projects (JI Projects) National and International Procedures for Consideration and Approval of JI Projects: Track 1 – National Conditions(Deadline according to the Integrated Plan: 2nd Quarter of 2006) Track 2 – Consideration of JI Projects by Supervisory Committee Moscow - June 14, 2005

  8. “Pluses”and Significant potential for emission reduction Attraction of investments for low-profitable sectors Creation of potential for post-Kyoto period “Minuses” Complexity of procedures High transaction expenses Uniquenessvs Market of Quotas Проекты Совместного Осуществления (2) Moscow - June 14, 2005

  9. Mechanisms of Trade (Article 17) Alternatives: • Through participation in the European Trading Scheme (is in the process of discussions with EU) • Through the scheme of “green investments” (being discussed with all purchasers) • Direct trade (“chilly” attitude of main purchasers) Moscow - June 14, 2005

  10. Contact Persons: Oleg Borisovich Pluzhnikov Pluzhnikov@economy.gov.ru Vladimir Alexeyevich Maximov Maximovva@economy.gov.ru Moscow - June 14, 2005

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