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Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation : 

Review of Prospects for Implementation of the Kyoto Protocol in the Russian Federation O.B. Pluzhnikov, V.A. Maksimov Ministry of Economic Development and Trade of Russia

Milestones:: 

Milestones: Decree by the RF Government on Preparation of an Integrated Action Plan for Implementation of the Kyoto Protocol – September 30, 2004 Ratification – November 4 2004 Coming into Force – February 16, 2005 Approval of the Integrated Plan – February 24, 2005

Integrated Plan in Action (1): 

Integrated Plan in Action (1) Obligations of Parties to the Kyoto Protocol: Achievement of the Emission Level established in Annex B during 2008-2010 Policy and Measures National System for Emission Assessment Reporting

Integrated Plan in Action (2): 

Integrated Plan in Action (2) Participation in mechanisms of Articles 6, 12, 17: List of Legislative and Regulatory Documents – 2nd Quarter of 2005 Regulation on JI Projects – 2nd Quarter of 2005 Legalization of Register – 3rd Quarter of 2005

Integrated Plan in Action (3): 

Integrated Plan in Action (3) Participation in International Activities: COP-11/MOP-1 Bilateral negotiations – EU, Denmark, the Netherlands, Germany, Spain, Canada, France, Japan World Bank, EBRD

Conditions for Participation in Mechanisms: 

Conditions for Participation in Mechanisms Establishment of a national system for GHG emissions and discharge Submission of reports in standard format (CRF) Approval of Assigned Amount (in AAUs) Establishment of National Register

Joint Implementation Projects (JI Projects): 

Joint Implementation Projects (JI Projects) National and International Procedures for Consideration and Approval of JI Projects: Track 1 – National Conditions (Deadline according to the Integrated Plan: 2nd Quarter of 2006) Track 2 – Consideration of JI Projects by Supervisory Committee

Проекты Совместного Осуществления (2): 

Проекты Совместного Осуществления (2) “Pluses” and Significant potential for emission reduction Attraction of investments for low-profitable sectors Creation of potential for post-Kyoto period “Minuses” Complexity of procedures High transaction expenses Uniqueness vs Market of Quotas

Mechanisms of Trade (Article 17): 

Mechanisms of Trade (Article 17) Alternatives: Through participation in the European Trading Scheme (is in the process of discussions with EU) Through the scheme of “green investments” (being discussed with all purchasers) Direct trade (“chilly” attitude of main purchasers)

Contact Persons:: 

Contact Persons: Oleg Borisovich Pluzhnikov Pluzhnikov@economy.gov.ru Vladimir Alexeyevich Maximov Maximovva@economy.gov.ru

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