Draft greenhouse gas law impact

The new draft law on greenhouse gas emissions could have serious financial implications for companies with sizeable emissions.

The draft is an indication that the Russian government will be imposing individual emission limits (and charges) on companies. Direct regulations are not yet issued. But if the law is implemented, the Russian Government would get the following powers and authorities:

1.      to determine which greenhouse gases (hereinafter – the “GHG”) will be subject to state regulation;

2.      to establish limits on GHG emission;

3.      to determine the criteria under which the related activity of legal entities and individual entrepreneurs will be subject to state regulation;

4.      to determine the limits for issuance of GHG emission permits, the terms and procedure for submitting reports on GHG emissions, the specific cases requiring verification of (i) GHG emission reports and (ii) reports on realization of GHG reduction projects, and the procedure for such verification;

5.      to establish requirements for transactions with GHG emission reduction and absorption units;

6.      to set fees for GHG emissions and a relevant procedure for collecting such fees;

7.      to approve the rules under which a realization of GHG reduction projects is to be treated as GHG emission reduction;

8.      to establish federal and regional reporting criteria;

9.      to establish further responsibilities in the field of GHG emission

Would you like to be updated on the subject? Please let us know.

Do you have a legal question regarding Russia?

Our team is available on weekdays from 9:00 am to 6:00 pm.

Contact form
12 march 2024

Amendments to the Government Commission Approval procedure

In accordance with the recently introduced amendments to the Government Decree No. 295 dd. March 6, 2022, ...

Our locations

  • Moscow
  • Cologne
  • St. Petersburg
  • Amsterdam
  • Ukraine / Belarus
  • Juralink Amsterdam

    Nieuwezijds Voorburgwal 331B
    1012 RM Amsterdam

    Please check for urgent correspondence.
  • Juralink Cologne

    + 49 152 071 696 44

    Kölner Betriebsstätte der Juralink Consultancy B.V.
  • Juralink Moscow

    +7 495 966 0456
    + 7 495 625 34 76 (fax)

    + 7 903 749 87 59 (Lodewijk)

    OOO Juralink
    Krasnoproletarskaya ul. 16, building. 1, 4th floor
    127473 Moscow
    Russian Federation

    Please take entrance 3 (near the sign of delicatessen Brothers Karavaev

    "Братья Караваевы").
  • Juralink St. Petersburg

    +7 812 374 65 75

    OOO Juralink-Gnius
    Nevsky Prospect 30, office 3.12
    191011 St. Petersburg
    Russian Federation
  • Juralink Ukraine
    Juralink Belarus

    +375 29 684 8085

Our partners