Russia Ratification Of Paris Agreement

UPDATE: Russia tabled its ratification instrument at the United Nations on Tuesday, October 15. Putin has denied that global warming is man-made, a position that remains unchanged despite ratification, his spokesman told Bloomberg. On 19 August, Russian President Vladimir Putin announced that the country`s government had taken the decision to accede to the agreement and had made very serious commitments to reduce greenhouse gas emissions to 75% of 1990 levels over the next few years and to reach 70% by 2030. These serious commitments require a substantial reconstruction of the entire Russian economy. Nevertheless, Russia`s long-awaited support for the climate agreement has been tinged with ambivalence. The Moscow government`s decision came shortly before the full ratification of the Paris agreements, the Paris agreements told Reuters, leaving into question what, if any, would have legal consequences for not ratifying the agreement. On Monday, the Russian prime minister formally backed the Paris climate agreement and ordered that Russian laws be adapted to his obligations, according to a decree published on the government`s website. But this is nothing more than a sleight of hand, as Russian industry is still operating much more slowly today than it was before the collapse of the Soviet command economy. In 2017, Russia`s emissions were 32% lower than in 1990. This will effectively allow it to pollute more while meeting the current goals of the Paris Agreement. The document signed by Prime Minister Dmitry Medvedev states that Russia formally adopts the 2015 Paris Agreement and that it “now has the financial means…

Developing countries for prevention and adaptation to climate change. In a budget discussion with Putin on Monday, Medvedev said funding for environmental programs would increase, but did not mention the Paris agreement. The government resolution insisted that this was not necessary, as Moscow had already committed in April 2016 to complying with its obligations under Paris when it formally signed the agreement. In January, Russia`s trade union of industrialists and business leaders scaled back its opposition to the climate agreement, fearing sanctions against Russian companies. Although the government has not been officially called “ratification,” it said in a statement that the decree meant the adoption of the agreement by Russia and “Russia`s approval of the obligations arising from the Paris agreement.” Until the end of a UNITED Nations climate summit in New York on Monday, Russia remained one of 12 nations in the world that failed to ratify the 2015 pioneering agreement. Russia has ratified the Paris climate agreement, marking a shift in rhetoric for the world`s fourth-largest greenhouse gas polluter, although its promised targets are so low that it can still increase emissions. A government source told AFP that the document was “the final step in the process of Russia`s adoption of the Paris Agreement.” Prime Minister Dmitry Medvedev ratified Russia`s participation in the treaty after signing a law “to accept the Paris Agreement of 12 December 2015, signed on behalf of the Russian Federation in New York on 22 April 2016,” according to the statement published on the government`s website. In Monday`s government resolution, Russia said it did not need to ratify the agreement, as Moscow had already pledged to meet its commitments when the agreement was signed in April 2016. The agreement, signed by 196 countries, aims to mitigate the effects of climate change by reducing CO2 emissions and limiting global temperature rise to less than 2 degrees Celsius.

The Russian Ministry of Economic Development has accelerated climate policy. A national adjustment plan is being developed and bills have been drafted to introduce CO2 taxes and other mechanisms to regulate greenhouse gas emissions. Earlier this year, the Russian Union of Industrialists and Entrepreneurs, Russia`s main industrial lobby, abandoned its opposition to the Paris Agreement.