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Minister of Economic Development of Russia Maxim Reshetnikov held a videoconference with Anne Bjerde, World Bank Vice President for Europe and Central Asia, and Renaud Seligmann, World Bank Country Director and Resident Representative in Russia. The parties discussed regional development, the climate agenda and support for entrepreneurship.
Maxim Reshetnikov said that Russia is implementing individual development programmes launched last year for ten regions with low rates of socio-economic development. They will receive 1 billion roubles each year until 2024 to carry out the corresponding activities.
Furthermore, additional measures are being considered for the development of the Kuznetsk Basin, the North Caucasus, the Far East and the Kaliningrad region - including the attraction of investment, the development of entrepreneurship and its transition from the grey economy sector. Each region has its own specific features, and it is essential to approach the tasks with local factors in mind, the minister said.
Renaud Seligmann, for his part, expressed interest in existing programmes for the development of Russian territories and proposed to explore further aspects of this work, on the basis of global experience of regional development. Among other things, he suggested that the experiment on state regulation of greenhouse gas (GHG) emissions and regional climate change performed in the Sakhalin Oblast should be taken as a basis and extended to the federal level.
The World Bank is currently launching a country report on climate and development in Russia, said Anne Bjerde.
"This report will help to better understand the risks and opportunities associated with climate change, given Russia's intensified efforts to decarbonize while accelerating economic growth. We look forward to supporting Russia as it works towards a green and sustainable future," said the World Bank Vice President.
Russia is ready to participate in the preparation of the report and can provide all the necessary information concerning the climate agenda, Maxim Reshetnikov noted. He reminded that the country has made serious progress in implementing measures in this area over the past year.
"The President of Russia has set a new ambitious goal - to reach a level of accumulated net greenhouse gas emissions lower than that of the European Union by 2050. A law on limiting greenhouse gas emissions has been adopted, which forms a system of governance and defines the carbon footprint as an important indicator of our economy's development. In addition, a draft law on regional experiments will be submitted to the government in the near future, which will provide for a quota trading system, carbon neutrality in the regions participating in the experiments," the head of the Ministry of Economic Development said.
In addition, ESG practices are being implemented in Russia and a concept for the development of electric transport is being agreed upon, he added. The country is now actively preparing for the International Climate Conference in Glasgow.
During the meeting, the parties agreed to work towards holding an international event in Russia to discuss the climate agenda and exchange best practices - with the participation of Arab, Eurasian Economic Union and CIS countries.