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  • Mar 23, 2021

N published - Nuclear energy will be included in Russia’s list of green priority activities. A discussion of the draft national Taxonomy of green projects prepared by VEB.RF took place on 18 March at the Ministry of Economic Development attended by representatives of VEB.RF, the Bank of Russia, the Ministry of Industry and Trade, the Ministry of Natural Resources, the Ministry of Energy and representatives of the banking and business community. 

The document was developed along the lines of the European Union’s Taxonomy of Sustainable Financing, but takes into account the specifics of the Russian economy. The main goal of the document is to stimulate "green" activities and projects aimed at combating climate change and increasing the efficiency of resource use.

The head of the Ministry of Economic Development, Maxim Reshetnikov, said that compared with the practice of other countries, the list of areas in which "green" projects can be implemented has been expanded and a unique national classification has been developed.

The list of "green" activities includes nuclear power, the production of which does not produce direct CO2 emissions, which puts it on a par with renewable sources of generation. Other "green" projects include projects of ecotourism, hydrogen and gas engine transport, forestry and agricultural projects, transport infrastructure projects, as well as projects that reduce carbon dioxide emissions.

“These areas are recognised as“ green ”in other countries of the world - in fact, we have adapted world standards to Russian reality. The decision will increase the level of confidence in the system on the part of foreign investors, where the mechanism of "green bonds" has already been developed and is in demand,” Reshetnikov emphasised.

During the discussion, Rosatom’s First Deputy General Director for Development and International Business, Kirill Komarov, stressed that the nuclear industry has the highest international safety standards, and said Rosatom adheres to the unconditional principle of not causing significant harm to the environment (Do no significant harm).

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Matt Chester's picture
Matt Chester on Mar 23, 2021

Various definitions of 'green,' 'clean,' 'renewable,' 'carbon free,' 'carbon neutral,' etc. make it tough to get international agreements moving and they really are sullying the potential progress and conversations. Hoping we don't get caught up in what we're calling it and focus on the decarbonization needed

Bob Meinetz's picture
Bob Meinetz on Mar 23, 2021

Agree, Matt. Coming to agreement on a specific method for auditing carbon, or how the carbon footprint of a given technology or activity is determined, should be a first step.

As might be expected, every company with something to sell tries to bias carbon auditing in their favor, thus the most accurate source for carbon footprints is the federal government. The U.S. EPA has a simple, consumer-friendly calculator; as you know, DOE has their complex GREET model for transportation.

I would love to see the U.S. Energy Information Administration (EIA) come up with a hybrid of the two. EIA takes extreme pride in providing accurate, neutral information, and accepts no industry sources that can't be verified. As cars move to electricity and environmental impact becomes more important, EIA has begun tracking CO2, NOx, and SO2 pollution from power plants.

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Thank Vladimir for the Post!
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