Tuesday, July 23

Ministry of Economic Development increases accessibility of information on climate projects

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The Ministry of Economic Development has prepared a draft decree improving the mechanism for the implementation of climate projects. The draft provides for amendments to the rules for creating and maintaining a registry of carbon units, as well as operations with carbon units in the registry of carbon units.

Now when registering a climate project will be published project documentation on the climate project, reports of accredited organisations with conclusions on the results of validation of the project and verification of its results. Disclosure of information about the climate project is carried out on the website of the carbon unit registry.

“The new rules will not entail the collection of additional information and documents, as this information is already available to climate project implementers and accredited organisations. The publication of such information is aimed at increasing confidence in climate projects, ensuring the interests of potential buyers of carbon units. The information will allow participants in the circulation of carbon units to make management decisions, having all the information about the implementation of the climate project,’ said First Deputy Minister of Economic Development Ilya Torosov.

The draft decree also provides that on the official website of the operator of the registry of carbon units JSC ‘Kontur’ information on the number of registered climate projects and the number of issued carbon units will be published with a frequency of at least once a month.

Publication of comprehensive documents on the climate project will have a positive impact on both the quality of climate projects themselves, and on the quality and objectivity of the conclusions of validators and verifiers.

Register of carbon units of the Russian Federation contains information on climate projects, on carbon units released into circulation as a result of the implementation of these projects, on the transfer of carbon units by their owner to another person and offset carbon units. Creation and maintenance of a register of carbon units, as well as operations with carbon units in such a register shall be carried out by the operator in the manner established by the Government of the Russian Federation.

By the Order of the Government of the Russian Federation dated 01.03.2022 N 367-r Joint Stock Company ‘Contour’ is determined as an authorised legal entity that performs the functions of the operator of the registry of carbon units.

JSC ‘Kontur’ carries out the design, development, implementation and operation of the information system ‘Register of carbon units’

Source
https://www.economy.gov.ru/material/news/minekonomrazvitiya_povyshaet_dostupnost_informacii_o_klimaticheskih_proektah.html

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