In his speech at the plenary session of the Russian Energy Week International Forum, President of Russia, Vladimir Putin said, Russia — one of the world’s biggest producers of oil and gas — is aiming for carbon neutrality by 2060.

“Russia in practice will strive for carbon neutrality of its economy. And we set a benchmark for this — no later than 2060,”

He said at an energy forum in Moscow, Russia. Speaking about the world’s future energy market, Putin added: “The role of oil and coal will decrease.”

 

The carbon neutrality pledge follows an earlier ambitious step in June when Putin ordered his government to develop a plan to cut carbon emissions to below the level of the European Union by 2050.

 

“The planet needs to be informed, responsible actions by all market participants — both producers and consumers — focused on the long-term, in the interests of the sustainable development of all our countries,”
“Russia is ready for such constructive and close cooperation,” Putin said.

 

Putin highlighted that the average annual temperatures have been witnessing an increase of 2.5 times faster than overall global temperatures in Russia. He underlined that Russia supports the international initiative to preserve the climate and has been fulfilling its commitments.

He also revealed that they look forward to increasing the production of liquefied natural gas to 140 million tonnes a year by 2035 in Russia.

Carbon emission
Photo by Marcin Jozwiak on Unsplash

 

Currently, Russia is among the highest emitter of carbon in the world, and critics say the county is doing far from enough to tackle the crisis.

A Russian news publication reported earlier this month that the government was developing a new environmental strategy with stronger measures to reduce greenhouse gas emissions.

 

Katie Ross, an expert at the World Resources Institute said,
“The new targets represent a significant difference from Russia’s existing plans, which would have seen emissions increase through 2050 and not drop to net-zero until as late as 80 years from now,”

Russia is one of the world’s main polluters, she said, and the country’s “new long-term plan is consequential for the world’s efforts to rapidly cut emissions and avoid the worst consequences of climate change.”

 

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