Course for development and strengthening of cooperation in the sphere of decarbonizing of the industrial sectors of the Yaroslav and Kostroma Regions

Decarbonizing is one of the most discussed topics in the worldwide community. The greenhouse effect is to blame, having caused an increase in the Earth’s average temperatures, which in turn has led to a significant increase in the number of dry spells, fires, floods, hurricanes and other natural disasters and brought the world economy tangible losses, threatening to make a great part of the Earth’s land mass uninhabitable in the future.

International decarbonization programs, such as the ones envisioned by the Paris climate accords, are aimed at saving the ecosphere. According to ecologists, humanity still has a chance to reverse global warming. Economic stimuli are becoming secondary, even though increases in taxes, levies and duties unequivocally form conditions whereby companies that refuse emissions’ reduction programs are driven out of their markets.

According to Russian president Vladimir Putin “decarbonizing if the most important activity not only in the world, but for us as well.” Green energy continues to permeate everyday life. Electric cars in a couple of decades have transformed from prototypes to mass products, the cost of solar panels since the beginning of the century has fallen several-fold, alternative sources of energy are rapidly developing, and more and more international companies are making a bet on decarbonizing production in order to maintain their competitiveness in new conditions.

Today the reduction of carbon emissions has become one of its top priorities. Even so, the country has serious potential that allows it to make tangible progress in reducing carbon emissions. Introduction of best international practices in forestry management will increase the resource of Russian forests in absorption of harmful emissions and the optimization of production facilities can reduce the amount of greenhouse gases emitted into the atmosphere. The activities of GreenEco Invest are aimed at realizing the potential of these instruments.

During the Saint-Petersburg International Economic Forum a Memorandum of Understanding was signed with the governor of the Kostroma Region and an Agreement on Cooperation with the governor of the Yaroslav Region. The governor of the Yaroslav Region, Dmitry Mironov, earlier said: “The next five years of work must become a five-year ecological program in the Yaroslav region. In the following five years, activities aimed at eliminating the previously accumulated damage must become the main routes for providing residents of the region with ecological security. We have to form the main principles of the concept of a new ecological policy. I am certain that we have the power to solve these problems.”

Signing of the Memorandum of Understanding with the governor of the Kostroma region will promote the strengthening of cooperation of state and business representatives in the region. Lumber, machinery and other industrial facilities operate in the Kostroma Region, for which issues of decarbonizing are becoming more and more relevant. The Memorandum is directed at developing forestries and transforming the industrial complex in order to reduce harmful emissions.

The governor of the Kostroma Region, Sergey Sitnikov, supports the development of ecological projects. The region actively participates in ecological events aimed at preserving and developing the nature of the Privlozhye. Current ecological projects, such as the project “Ecology”, aimed at the re-cultivation of the Volga river and the modernization of water management, are executed effectively and timely under the leadership of Mr. Sitnikov.

Signing of the Memorandum will become the starting point for a new stage of economic and ecologic development of the Kostroma Region, increase its investment and tourist appeal. The decarbonization program will complement existing ecological programs and will assist in executing practical steps for the recultivation of the nature of the Kostroma Region.

According to Valery Subbotin, Head of the Advisory Board of GreenEco Invest, “today Russia grants concessions for deforestation. We propose to study the possibility to introduce concessions for the improvement of forests, which will accelerate the absorption of carbon and the generation of oxygen. Conducting international audits and certifications by leading organizations will also attract monies to regional economies on the international markets.”

Today the world is actively developing markets for carbon credit trading. The price of carbon credits has increased from $18 to $52 per ton in one year.

GreenEco Investments LLC proposes to increase the efficiency of forestry management, as well as the energy efficiency of industrial facilities, which will not only positively affect the ecology, but will also provide carbon credits for the realization of ecological projects. The signed Memorandum and Agreement will also provide the opportunity to actively organize ecological audits of forests, as well as industrial production facilities, on the territories of the Yaroslav and Kostroma Regions.”

Decarbonizing is aimed at restoring the balance of nature for the sake of future generations. The twentieth century gave a tremendous impulse to the development of world industry, but the process has proven disastrous for nature. Understanding and accepting the responsibility and readiness to change and take care of nature have become the starting points in the development of green energy in the Yaroslav and Kostroma regions; the signing of the Memorandum and Agreement shows the willingness of these regions to restore their ecological surroundings.