Preparation of regulation on Limitation of Greenhouse Gases in Russian Federation underway
According to the News Agency Kommersant, the Ministry for Economy of the Russian Federation has presented to the Government an updated draft of Federal Act on Limitation of Greenhouse Gases Emissions from large emitters. Draft has been modified several times since first proposal revealed in November 2017. Draft Act foresees obligation to report GHG emissions by those entreprises emiting more that 150 000 tonnes CO2 equivalent per year. Draft Act gives to the Federal Government right to control emissions by issuing emission limits for enterprises, imposing fines for emissions exceeding the limits and also opportunity for exchange (trade) emission quotas between the emitters.