Russia to Begin Carbon-Trading Trial in Far East Next Year
- Government could expand effort to other regions later
- Russia aims to use ‘carrots, not sticks’ to cut emissions
Photographer: Yuri Smityuk/Getty Images
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Russia will start its first trial of a marketplace to trade carbon credits on the remote Far East region of Sakhalin starting next year, as the world’s largest energy exporter faces criticism for being slow to reduce greenhouse-gas emissions.
The goal is to have the region become carbon neutral by 2025, Deputy Economy Minister Ilya Torosov said in an interview, adding that details of how that would be attained haven’t yet been decided.