Business programme

International Carbon Credit Trade: Russia’s Potential

16 Jun , 11:00–12:15
The New Economic Order: Responding to the Challenges of the Time
In partnership with Gazprombank

Adapting economies to climate change and mitigating any negative environment impact remains an important task. Decarbonization is an objective reality for companies that is dictated both by changes in the balance of supply and demand on several markets as well as some of the international restrictions that are being introduced. The carbon trading system is one of the mechanisms used to encourage businesses to reduce greenhouse gas emissions and introduce low-carbon technologies. At the same time, voluntary markets for carbon units have been developed as a way to monetize climate projects that are being implemented by responsible companies. Certain countries have already made some progress in developing a market for carbon credits, however, this is one of the most effective mechanisms for containing climate change and should be actively developed. The infrastructure of carbon markets and carbon credits in different countries is at different stages of development. What are some of the specific aspects of the architecture of the emerging national market for carbon units? What experience do participants in voluntary markets for carbon credits have? What is the potential market volume as part of the Sakhalin experiment and the economic effect for investors? What are the prospects for scaling up regional carbon experiments? What opportunities exist for integrating the national market of carbon units into the market infrastructure in the Eurasian region?