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Russia Considers Domestic Carbon Market in Global Warming Fight

Russia is considering a domestic carbon market to cut greenhouse-gas emissions and may start providing poorer nations with cash to cope with global warming, according to the country’s climate negotiator.

“We would like to elaborate our domestic market and eventually make it link into other markets,” Oleg Shamanov said in an interview today in Bonn, where United Nations-led climate talks are being held this week. Russia may channel some money to the UN’s Green Climate Fund, set up to help finance emission-reduction efforts in developing countries, he said.