Climate Projects in Russia – General Background
In principal, any investment in energy efficiency (EE) or renewable energy (RE) projects automatically leads to a reduction of greenhouse gas (GHG) emissions. Therefore, such projects have the opportunity to benefit from a new co-financing instrument – carbon financing.
Achieved emission reductions represent a new asset - carbon certificates or, under the Joint Implementation (JI) mechanism of the Kyoto Protocol, Emission Reduction Units (ERUs) that can be sold to the international carbon market.
Some options and examples for Climate Projects are available in our comprehensive report.