“The more realistic task for us is to switch from dirtier fuels to less dirty ones, from coal and oil to gas and nuclear power,” he said. VEB.RF’s First Deputy Chairman Alexey Miroshnichenko said Russia’s climate makes it impossible to rely on wind and solar energy alone. “Russian market players are ready to get access the huge global green finance market, which, by the most conservative estimates, is now over $2.5 trillion.” “The Russian taxonomy is fully compliant with the most advanced global standards,” Kidney said. The Russian Taxonomy for Green Projects and the Russian Green Finance Guidelines were devised by VEB.RF, the country’s state development corporation. Companies may apply for the funds if they cut their CO2 emissions and use green technology, such as energy conservation and soil restoration, in their day-to-day work. In September, Russia established a comprehensive list of the types of environmentally sustainable projects eligible for preferential loans and bonds. “The international community should see that these projects are real, really help fight global warming, and improve people’s lives.” “It is unlikely to be possible for sanctioned individuals, but for companies, it is quite possible,” Kidney pointed out, speaking at the COP26 UN climate change conference in Scotland. Read more Macron goes nuclear to protect France’s energy independence in green future
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