25 October 2019: The Russian government has significantly weakened its proposed law to regulate emissions, apparently caving in to the country’s powerful fossil fuel industry. The first draft of the law relied on a framework of different regulatory mechanisms, such as a cap and trade system of emissions permits and on tax breaks for companies reducing or capturing their emissions. However, after the Russian Ministry of Economy held talks with the Ministry of Energy, Ministry of Industry and Trade, and the Russian Union of Industrialists and Entrepreneurs (RSPP), the new version of the bill which was first reported by Russian daily Kommersant and seen by CHN, was said to do away with legally binding targets and tax incentives. To read the full article, visit the Climate Home News website for both the information on the new and the old version of the bill.
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