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The Ministry of Economic Development of the Russian Federation has developed a draft government decree on the approval of target indicators for reducing greenhouse gas emissions for the sectors of the Russian economy.

The ministry proposes to set the country's greenhouse gas emissions cap for 2030 at 2.212 billion tons of carbon dioxide equivalent (CO2 eq.) – 70% of the mass of greenhouse gases in 1990. The maximum mass of net emissions is 1.673 billion tons of equivalent. CO2 (54% relative to 1990), according to a document that Interfax has read.

Also, the draft order outlines targets for sectors of the economy. Thus, the maximum mass of net greenhouse gas emissions for 2030 for the energy sector is 894 million tons of equivalent. CO2: 558 million tons for power and heat supply, 138 million tons for the oil industry, 105 million tons for main pipeline transport, 68 million tons for coal and 23 million tons for gas industries.

The following standards have been established for industrial production sectors: ferrous metallurgy - 148 million tons eq. CO2, non-ferrous metallurgy - 9 million tons, production of building materials - 62 million tons, chemistry and petrochemistry - 111 million tons, timber, woodworking and pulp and paper industries - 33 million tons. In total, including emissions from fuel combustion, industrial production accounts for 405 million tons eq. CO2.

The transport industry needs to meet the 186 million tons equivalent. CO2: road transport - 157 million tons, aviation - 18 million tons, railway - 9 million tons, sea and inland water transport - 2 million tons.

The standard for construction and housing and communal services is 371 million tons of equivalent. CO2, for waste management - 84 million tons, for agriculture - 222 million tons.

The press service of the Ministry of Economic Development of the Russian Federation confirmed to Interfax that they had sent a draft of this order for approval to the federal executive authorities.

On February 16, the State Duma adopted a law on an experiment to limit greenhouse gas emissions in Sakhalin. It starts on September 1, 2022 and will last until December 31, 2028, other subjects of the Russian Federation can join it.

At the federal level, the National Carbon Trading System Act was passed in the summer of 2021. It introduces mandatory reporting for a number of Russian companies on greenhouse gas emissions, creates the contours of a national carbon trading system, but does not involve penalties and does not prescribe a target for reducing emissions.

As reported earlier, the Ministry of Economic Development of the Russian Federation submitted to the government a draft resolution on the rate of payment for exceeding the quota of greenhouse gas emissions as part of the Sakhalin Experiment. It is assumed that for each excess ton, the organizations participating in the experiment will allocate 1 thousand rubles to the regional budgets.