Russian PM approves ratification of Paris Agreement

On 23rd of September of 2019 Russian Prime Minister Dmitry Medvedev signed the order on ratification of the Paris Agreement. During the meeting with deputy prime ministers he stated that Russia’s participation in the Agreement is very important.

“I signed the order regarding the Paris Agreement on climate. This topic is well-known in the world, resonant, constantly spoken about and discussed. It’s obvious that the global climate change can only be prevented through collaboration, working together.”

The Paris Agreement on climate was sealed on 12th of December, 2015 as a result of the 21st Conference of the United Nations Framework Convention on Climate Change (UNFCCC) in Paris.

The Agreement was signed by 175 countries, including Russia.

The Agreement on climate change has unified efforts of all the world countries on preventing climate change for the first time in history.

It has replaced the previously established Kyoto protocol of 1997, which set the quotas for greenhouse gas emissions for a few developed countries only, but the United States have exited the agreement, and a number of other countries has not fulfilled their obligations.

The document became effective on 4th of November, 2016.

The Agreement addresses strengthening of global attention to the climate change threat in the context of sustainable development and efforts to eradicate poverty, in particular via the following:

  • holding the increase of the global average temperature well below 2°С and taking measures to limit the growth of temperature to 1.5°С, which will significantly lower the risks and effects of climate change;
  • increase the ability to adapt to the negative effects of climate change and ensuring the development while maintaining a low level of greenhouse gas emissions in a way which does not endanger the production of provisions;
  • managing the financial flows towards the development characterized by a low level of emissions and high resistance to climate change.

The Paris Agreement states that the specific measures in fighting climate change must be aimed at lowering greenhouse gas emissions, and the development and implementation of such measures is delegated in full to the national governments.

The Agreement fixes and outlines the turn to new, low-carbon model of economic development based on gradual shift from the traditional technologies of mining, processing and usage of fossils (primarily hydrocarbons) to the “green” technologies.

By 2020 the governments should reassess their national strategies of CO2 emission by lowering the levels thereof.

The obligations of the participants of the Paris Agreement are planned to be updated every five years, starting in 2022.

Unlike the Kyoto protocol, the Paris Agreement does not implement a quota mechanism. The Paris Agreement does not contain sanctions for the countries which fail to accomplish their national goals. The Agreement establishes the creation of the stimulating mechanism which must reward counties and economic entities for successful lowering of their greenhouse gas emissions.