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Russian Lawmakers Back The Nation’s First Ever Climate Law

  • Duma passed the regulation on emissions in the first reading
  • Law introduces carbon trading and offsets, emission disclosure

Russia, the world’s fourth-largest polluter and country often criticized for unambitious climate goals, has made its first step towards carbon trading and a detailed monitoring of its greenhouse gas emissions.

The State Duma, the lower chamber of the Russian parliament, has approved in the first reading the draft law that creates a framework for climate projects in the country, and allows to trade carbon units that result from emission cuts or absorption.