Russia to monetise its forests as carbon-offset marketplace
Russia has the weakest climate target of any major economy and is planning a slight increase in emissions by 2030
Moscow/Madrid — Much of Russia’s far east is so vast and remote that it’s mostly been left to the bears, wolves and rare breed of tiger that live there. Now the Kremlin wants to use it to convince the world that the country is doing its part to fight climate change.
Russia, the world’s biggest energy exporter and one of its largest polluters, is creating a digital platform to collect satellite and drone data about the CO₂ absorption capacity of the region’s forests. The aim ostensibly is to monetise an area nearly twice the size of India by turning it into a marketplace for companies to offset their carbon footprint...