News in Press-centre

The recommendations for the creation of the Russian carbon market are prepared by the researchers of Far Eastern Federal University (FEFU). Experts are studying how economic mechanisms in different countries affect the scale of greenhouse gas emissions and climate change. Summarizing international experience, the researchers will propose practical steps to regulate the volume of carbon dioxide emissions in Russia. The first results will be presented at the international climate conference, which will be held October 24-26, 2017 in FEFU.

The research is conducted in the FEFU Far Eastern Climate Smart Lab, which is headed by an outstanding Italian ecologist Riccardo Valentini. Elena Tyurina, Deputy Director for Science and Innovation, School of Economics and Management, said that the trade (market) of carbon suggests that companies that can not limit themselves to the established carbon emissions quotas, will purchase additional quantities from the state. The proceeds shall be used to invest in new technologies that reduce greenhouse gas emissions, support social projects, and restore ecosystems.

"Currently, there are 19 carbon markets in the world, which account for 50% of the world's gross domestic product. Large systems have been developed in the countries of Europe, the United States, Canada, and Australia," said Valentina Sokolenko, Professor at the FEFU Department of World Economics. "By the end of 2017, these markets will regulate more than 7 billion tons, that is, 15% of all greenhouse gas emissions. Studying international practices will help develop recommendations for creating a Russian carbon market taking into account the ecological and socio-economic characteristics of the regions."

In the 2015 Paris Agreement on Climate Change, the leaders of countries recognized the creation of carbon markets as necessary for the sustainable development and environmental integrity of the planet. At a meeting with FEFU scientists in the framework of the Eastern Economic Forum, Gerald Edmund Brown, Governor of California (USA), said that more than US$ 1 billion was raised in the first auction for the sale of carbon quotas in CA. These funds were spent to purchase equipment for enterprises that meet environmental requirements.

FEFU researchers are engaged in the analysis and construction of scenarios of global climate change in the Asia-Pacific region in the Far Eastern Climate Smart Lab. Starting from 2017, Professor Riccardo Valentini opened the author's Environmental Economics and Management Master's Program for the training of personnel for the green economy at the university.