Russia takes measures to improve greenhouse gas absorption

Russia will soon implement new agricultural technologies for the absorption of greenhouse gases, Russian President Vladimir Putin told the G20 summit on October 31. Moscow also suggested experts analyze the most effective ecology projects. For Russia, this is an important issue, since the average annual temperature in the country is increasing more rapidly than throughout the world. The climate issue was one of the key ones during the meeting in Rome. “In implementing the climate and environmental initiatives, the Group of Twenty needs to be a leader in shaping unified, and I will stress, fair, and what is very important, transparent rules of climate regulation. These rules should be based on mutually recognized models of accounting and monitoring the emissions and absorption of greenhouse gases,” the Russian leader said.

Deputy Speaker of the Russian Federation Council Konstantin Kosachev noted that the Russian leader’s key message was that the decisions have to be inclusive and collective. “According to information coming from the summit, the G20 countries are not going to assume any new substantial obligations on curbing global warming or designate new more radical goals that ‘green’ activists were demanding of them before the Rome meeting.” The senator added that, as Putin noted, it is important for all players on the energy market to act responsibly based on the interests of all sides and it is necessary to move on to normal market relations built exclusively on economic considerations and mutual benefit.

On the same day, Russian Foreign Minister Sergey Lavrov summarized the results of his own participation in the summit which he evaluated overall as positive. In the final communique, the parties agreed to undertake steps to increase the deliveries of vaccines against coronavirus. In addition, an oral agreement was reached on decreasing greenhouse emissions. He also briefly interacted with US President Joe Biden and possibly discussed the upcoming meeting between the leaders of the two countries.

According to Director of the G20 Research Group at the University of Toronto John Kirton, the summit gave a strong start to the process of resolving climate issues and supplying vaccines against coronavirus. He also added that the participants supported the idea of global taxation on large corporations which is an important mechanism for curbing populist anger over the rich getting even richer during the pandemic while not paying taxes. These and other issues will be discussed in greater detail in Glasgow where the leaders of the majority of countries present at the G20 summit headed straight from Rome to attend the UN Climate Change Conference.

36