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Greenhouse gas emissions trading system created in Sakhalin
The first Russian greenhouse gas emissions trading system was created on Sakhalin. They plan to expand the project to other regions.
According to Forbes, the system of such trade has already been approved by the Russian government: the corresponding plan was signed by Deputy Prime Minister Victoria Abramchenko.
The first deal to sell carbon units will take place in July 2022. Until that time, they will conduct an inventory of greenhouse gas emissions and absorption, and create the necessary infrastructure. Also on Sakhalin, a greenhouse gas inventory will be created, which will show which types of economic activities account for more than 80% of emissions.
According to Victoria Abramchenko, after this experiment, a system of trading in harmful emissions with international systems will be developed. Other regions will also be able to use the scheme tested on Sakhalin.
Thanks to such bidding, it is planned to achieve carbon neutrality in Sakhalin by 2025. In the future, the price of carbon emissions could be over € 50 per tonne.