The new obstacle for Kyoto mechanisms in Russia
The procedure for approval of the JU project in Russia may be changed again. Since December (6 months!) Sberbank didn’t accept any JI project proposals.
Since 2008 Ministry of Economy has approved only 32 projects (58,5 mln ton CO2) from proposed 73 projects (105,8 mln ton CO2).
Many tens more companies having an intention and high potential for CO2 fear of complicated bureaucratic procedure. Huge Russian potential of hundreds mln ton CO2 reduction remain untapped.
More information in M. Yulkin article (in Russian).