The Russian Ministry of Foreign Affairs announced September 13 that the country would not participate in a second Kyoto Protocol Commitment Period, but instead focus on creating a legally binding climate change agreement that can be established by 2015. Earlier this month, the Ministry of Natural Resources circulated a draft presidential decree that would limit greenhouse gas emissions to 20 percent below 1990 levels by 2020. Russian businesses may be allowed to participate in foreign greenhouse gas trading programs approved by the Russian government if legislation before Russia’s parliament is passed. Additionally, Russian President Vladimir Putin may announce a domestic greenhouse gas trading system as soon as September 30.
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Russia to skip second Kyoto Protocol Commitment
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