https://en.sputniknews.africa/20241114/path-forward-for-carbon-markets-lies-within-like-minded-unions-such-as-brics-russian-official-says-1069226232.html
Path Forward for Carbon Markets Lies Within Like-Minded Unions, Such as BRICS, Russian Official Says
Path Forward for Carbon Markets Lies Within Like-Minded Unions, Such as BRICS, Russian Official Says
Sputnik Africa
Earlier, Russian Direct Investment Fund, Kirill Dmitriev, said that there is an opportunity for the BRICS countries to have a single market for carbon units... 14.11.2024, Sputnik Africa
2024-11-14T11:46+0100
2024-11-14T11:46+0100
2024-11-14T13:00+0100
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A realistic path forward for carbon markets lies within like-minded unions, such as BRICS, Special Envoy of the Russian President for relations with International Organizations for the Achievement of Sustainable Development Goals Boris Titov said on the sidelines of the 29th session of the UN Climate Change Conference (COP-29) in Baku, Azerbaijan.He highlighted the need for government leadership in driving a single carbon market, which he sees as essential for incentivizing private sector emissions reductions.Titov argued that achieving the Sustainable Development Goals (SDGs) "as a whole world" is impossible due to the "politicized use" of multilateralism for "unilateral benefits." He pointed to Russia's progress on many SDGs, noting that Russian companies could share environmental, social, and governance practices, but face political obstacles. Therefore, he suggested that Russia focus on regional cooperation groups and "communities of 'friends with common views'."He also noted that the climate agenda should deliver economic benefits, not just costs, and called for a clear agreement on a mandatory carbon market to commercialize private sector emissions reductions.
https://en.sputniknews.africa/20240927/brics-can-have-a-single-market-of-carbon-units-russian-direct-investment-fund-head-1068444292.html
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brics, russia, azerbaijan, the shanghai cooperation organization (sco), brics summit 2024, brics plus, brics summit, brics expansion, cop29 in azerbaijan, development, carbon, market, multipolarity, politics, geopolitics, cooperation, climate, climate change, international
brics, russia, azerbaijan, the shanghai cooperation organization (sco), brics summit 2024, brics plus, brics summit, brics expansion, cop29 in azerbaijan, development, carbon, market, multipolarity, politics, geopolitics, cooperation, climate, climate change, international
Path Forward for Carbon Markets Lies Within Like-Minded Unions, Such as BRICS, Russian Official Says
11:46 14.11.2024 (Updated: 13:00 14.11.2024) Ekaterina Shilova
Writer / Editor
Earlier, Russian Direct Investment Fund, Kirill Dmitriev, said that there is an opportunity for the BRICS countries to have a single market for carbon units, allowing them to help the planet's climate while benefiting their economies.
A realistic path forward for carbon markets lies within like-minded unions, such as
BRICS, Special Envoy of the Russian President for relations with International Organizations for the Achievement of Sustainable Development Goals Boris Titov said on the sidelines of the 29th session of the UN Climate Change Conference (COP-29) in Baku, Azerbaijan.
"The most realistic way is to create carbon markets within the framework of like-minded alliances—the Shanghai Cooperation Organization, BRICS. The current COP–29 conference provides a good basis to lay future economic alliances to combat global warming," Titov said.
He highlighted the need for government leadership in driving a single carbon market, which he sees as essential for incentivizing private sector emissions reductions.
Titov argued that achieving the
Sustainable Development Goals (SDGs) "as a whole world" is impossible due to the "politicized use" of multilateralism for "unilateral benefits." He pointed to Russia's progress on many SDGs, noting that Russian companies could share environmental, social, and governance practices, but face political obstacles. Therefore, he suggested that Russia focus on regional cooperation groups and "communities of 'friends with common views'."
He also noted that the climate agenda should deliver
economic benefits, not just costs, and called for a clear agreement on a mandatory carbon market to commercialize private sector emissions reductions.
