Putin orders govt to have emissions reduction plan by October by AFP Staff Writers Saint Petersburg (AFP) June 4, 2021 Russian President Vladimir Putin on Friday ordered his government to develop a plan to cut carbon emissions to below the level of the European Union by 2050. Russia, one of the world's major producers of oil and gas, is also the fourth-highest producer of carbon emissions. "In the next 30 years, the accumulated volume of net greenhouse gas emissions should be lower than in Europe," Putin said at the Saint Petersburg Economic Forum, adding that a government plan should be ready by October 1 this year. In March last year, Russia released a draft of a long-term strategy for reducing greenhouse gas emissions by 2050. It envisions a 33 percent cut in emissions by 2030 compared to the levels of 1990. But because Russian gas emissions fell significantly in the 1990s as the Soviet Union collapsed, some experts believe this plan would actually allow Russia to slightly increase its emissions. "To solve the problem of climate change, it is not enough to just reduce carbon emissions," Putin said. "It is important to increase the efficiency of using forests and land, their absorption capacity," he said. Russia has set numerous heat records over the past few years. Putin on Friday acknowledged his country was facing serious challenges related to climate change, noting that, "like other countries, we feel the risks in this area including desertification, erosion, the melting of permafrost". Weather monitors in the country have recorded a historic decline in the summer ice cover of Russia's Arctic maritime shipping route, called the Northern Sea Route. In some years, it was almost completely free of ice by the end of summer. Transit of the eastern Arctic usually ends in November but Russia hopes climate change means the commercial benefit of the route will increase.
Yellen calls for standardized measurements on green investments Washington (AFP) June 3, 2021 US Treasury Secretary Janet Yellen called Thursday for clear standardized systems of measuring green investments, as countries strive to meet their climate goals. Environmental, social and governance (ESG) fund assets have grown from $10 billion in 2015 to $246 billion in March 2021, she said. Yellen urged global partners to "unlock progress towards greater ESG clarity and transparency so these investments can play a key role in closing the infrastructure gap and lowering global emissions." ... read more
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |