Ministry of Economic Development
of the Russian Federation

 

Environmental Economics

Kyoto Protocol

On October 28, 2009, the Resolution of the Government of the Russian Federation No 843 "On measures to implement Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change (hereinafter - the Regulation of the Government of the Russian Federation No 843), which approved the new provision on the implementation of Article 6 of the Kyoto Protocol (hereinafter - Regulations) was adopted. In connection with the issue of this Resolution of the Government of the Russian Federation, the procedure for approval and verification of the implementation of projects in accordance with Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change, approved by the Government of the Russian Federation of May 28, 2007, No 332 expired.

Approval of projects will be implemented by the Russian Economic Development Ministry on the basis of competitive selection of application forms submitted in accordance with Paragraph 8 of the Regulations.

In order to participate in the contest the application form should be submitted in Sberbank of Russia with the following list of documents:
  • project documentation that has been developed based on the requirements of the legislation on investment and international requirements;
  • positive expert opinion on the project documentation prepared by an independent body selected by the applicant;
  • substantiation of compliance of the declared parameters of the project with the aims to improve energy and environmental efficiency;
  • materials confirming that the applicant’s project meets the requirements of the Regulations, including the availability of the technical and financial capacity of the investor of the project and expected economic and social impact of the project.

According to Paragraph 5 of the Resolution of the Government of the Russian Federation No 843, the design documentation which is part of the application for project approval and which was accepted for consideration in the Ministry of Economic Development of Russia before the entry into force of this decree shall be referred to the operator of carbon units in SberBank of Russia for participation in the competition. In order to do this the applicant must write to the Ministry of Economic Development of Russia with a request to transfer the project documentation to Sberbank of Russia, thereby affirming their willingness to participate in the project.

In order to implement the established mechanism for approval of JI projects, on November 23, 2009, Order No 485 "On approval of rules of the competitive selection of projects”, was adopted by the Ministry of Economic Development of Russia and was registered in the Russian Ministry of Justice on February 3, 2010, No 16220.

This order of the Ministry of the Economic Development of Russia contains requirements for the composition, content and deadline for applications filed for approval of investment projects carried out in accordance with Article 6 of the Kyoto Protocol and the procedure for examination of applications and selection criteria


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