Sustainable finance (public/private)/market mechanisms/carbon pricing
Green Finance System
The goal of the newly created system is to accelerate the transition of the Russian economy in alignment with the Paris Agreement and the SDGs 2030.
Creation of the Russian green finance architecture will rely on the best international practices as well as the national economy objectives, such as the National Project “Ecology”.
Short-term targets of the system include:
– adoption of the national guidelines for green projects,
– creation of the system of verifiers,
– creation of government incentives for green projects,
– pilot issuance of green bonds in accordance with the new national standard.
Longer-term targets will include the amount of government and private finance channelled to green projects, incremental increase in the volume of the Russian economy devoted to green projects.
- Bosnia and Herzegovina
- Burkina Faso
- Costa Rica
- El Salvador
- The European Commission
- The Marshall Islands
- The Netherlands
- New Zealand
- The Philippines
- Republic of Korea
- San Marino
- Sao Tome and Principe
- The United Kingdom