Russia seeks the lifting of sanctions for the sake of climate change

RUSSIA / FSU POLITICS - In Brief 27 Oct 2021 by Alex Teddy
On October 22 the Russian government said that at COP26 summit in Glasgow, UK it will ask for sanctions to be terminated. If Russia is to meet the targets on carbon emission reduction this needs to happen. The UN is asking Gazprom to stop methane leaks. However, sanctions on Gazprom make this difficult. Gazprom wants green finance to enable it to tackle climate change. Gazprom and many other state companies have been sanctioned since 2014. The EU's riposte is that Gazprom makes a thumping profit and could easily afford green tech if it paid out less in dividends. The UN Climate Change Summit opens on October 31. Putin will not attend. The summit will set more targets on climate change. It is the biggest conference since Paris 2015. Russia is the 4th biggest carbon emitter despite having the 9th biggest population. With the vastest land area on earth, Russia could easily capture sufficient renewables to go without using hydrocarbons altogether and would still have energy for export.Putin used to dispute climate change. His acceptance of it has come as it has caused natural disasters due to permafrost melting, causing chemical spills. Arctic regions are warming three times faster than the rest of the planet. On October 20 Putin told the Valdai Club that the COP26 summit must consider Russia's ability to use its enormous forests to absorb carbon emissions. Moscow has promised to cut carbon emissions to 70% of its 1990s level by 2030. That will not be so hard due to population decline and the virtual disappearance of manufacturing in Russia.

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