Climate Partnership of Russia and the National Network of the UN Global Compact held a Net Zero summit

09/30/2021

Climate Partnership of Russia and the National Network of the UN Global Compact held a Net Zero summit

Climate Partnership of Russia and the National Network of the UN Global Compact held a Net Zero summit

The event was attended by:
Anatoly Chubais - Special Representative of the President of the Russian Federation for Relations with International Organisations for Achieving the UN Sustainable Development Goals
Lord Gregory Barker - Executive Chairman of the Board of Directors, En+ Group
Nick Bridge - UK Foreign Secretary's Special Representative for Climate Change
Svetlana Lukash - Russian G20 Sherpa & Deputy Chief of Presidential Experts' Directorate
Oleg Pluzhnikov - Director of the Centre for Green Economy and Climate at VEB.RF  
Maxim Titov - Executive Director, Research Centre for Energy Policy and International Relations (RC ENERPO); and others.
Marianna Maksimovskaya moderated the session. The speakers prepared a communique on the climate agenda as well.

During the Summit, the participants noted that more than 130 countries have already declared their desire to become Net Zero by 2050, and urged the Russian government and Russian business community to look at the future of the environment in a new way and act in accordance with science-based targets to limit the rise in global temperatures to 1.5 °C.
More than 60 countries around the world, which account for at least 75% of global GDP, have already defined and published commitments for achieving zero greenhouse gas emissions. These include the EU, Japan, the United States of America, China and the Republic of Kazakhstan. The Russian Federation has not yet set such a target. To maintain and strengthen the competitiveness of Russian business on the international market and increase the investment attractiveness of Russian enterprises in the context of the global energy and industrial transitions, the communique calls on:
1. setting a commitment for Russia's carbon neutrality by 2050 as the fundamental goal of the Strategy for long-term socio-economic development with a low carbon footprint, a draft of which was prepared by the Ministry of Economic Development of Russia;
2. providing for the necessary amounts of funding in the public and private sectors in order to ensure the implementation of an intensive and systemic socio-economic transformation, corresponding to Russia's target of achieving carbon neutrality by 2050, primarily in hard to abate industries.


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