BRICS countries are planning to create an Open Carbon Markets Partnership to bring closer approaches to verifying and verifying the results of climate projects. This was stated by Deputy Minister of Economic Development of the Russian Federation Vladimir Ilyichev at a session at SPIEF, the ministry’s press service informed socialbites.ca.
“Plans include the creation of the BRICS Partnership on Open Carbon Markets, which will help bring countries closer in their approaches to approval and verification of the results of climate projects, while also creating conditions for trading carbon units between members. association,” Ilyich remarked.
He added that BRICS countries will present the results of this study at the ministerial meeting on climate and sustainable development in the summer. Russia established a new contact group on this issue within the scope of the association’s presidency.
Previously, at SPIEF, a protocol of intent was signed between Rosaccreditation and the Global Carbon Council on the recognition of the accreditation of Russian institutions for verification and verification of greenhouse gas emissions.
“This is an important stage in the development of cooperation with foreign countries in the field of carbon markets,” said the Deputy Minister.
Ilyichev also said that Russia is updating the regulatory framework to provide foreign users with access to national records of carbon units. BRICS partners are working in parallel on requirements for publishing data on climate projects to increase market transparency.
The number of countries was announced last week enthusiastic Join BRICS, SCO and EAEU.
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