Russia will reduce greenhouse gas emissions by 30% from 1990 levels by 2030, and by 80% by 2050, as part of a conference reception “National Climate Change Monitoring Network: Benefits for Business, Benefits for the State.” Location in Dubai UN Climate Change (COP 28) Deputy First Minister for Economic Development of the Russian Federation Ilya Torosov.
“But we are striving for more ambitious targets in climate policy to achieve carbon neutrality by 2060,” said Ilya Torosov.
According to him, the “Russian Climate Monitoring System” (RIP GS) was created for an integrated approach to the implementation of climate goals. It is a multifunctional system for predicting climate change, monitoring greenhouse gas flows and economic modelling, allowing us to choose the most effective decarbonisation and adaptation measures in terms of costs and emissions reductions.
“More than 40 scientific organizations across the country are participating in the project. “The system will also allow access to the latest global scientific data and validation of national approaches to economic decarbonisation through expert assessments.”
Participating in the discussion, Sberbank’s Senior Vice President of ESG Tatyana Zavyalova said that Sber supports and participates in the implementation of the state project on climate monitoring.
“The Russian Climate Monitoring System (VIP GS) is an incredible breakthrough in terms of collecting high-quality data. Such a base will allow Russia, regions and enterprises to develop economic models to develop climate strategies at a new level. We hope that Sber’s expertise and high-tech solutions, including those based on artificial intelligence, will also contribute to Russia’s implementation of its national climate agenda goals,” said Tatyana Zavyalova.
He also emphasized that the issue of implementing effective climate policy in Russia and the world is increasingly moving to the economic level. Preliminary assessment of damage from climate change in Russia from 2023 to 2027 could average 580 billion rubles annually.
“In some regions most affected by weather changes, annual losses can reach up to 5-6% of the gross regional product,” Zavyalova said.