Russia Considers Cap-and-Trade Greenhouse Gas Law

Russia is considering a legal framework that would introduce a national cap-and-trade system for regulating the heat-trapping gases causing climate change.

The proposed greenhouse gas regulations come as part of the obligations that Russia assumed in April 2016 under the Paris climate agreement. Many of the nation’s industries oppose the proposal as too costly.

The bill would set limits for greenhouse gas emissions according to industrial sectors—most not kicking in for six years—and establish a market-based approach that would allow companies to create, transfer, and acquire emissions allowances.

The bill has been through a public comment period and is ...