According to the multinational channel’s note, the incumbent stressed that in the last five years Russia created from zero a carbon regulation infrastructure, developed a voluntary market of carbon units and launched green finance projects.

As informed by Reshetnikov, the Eurasian nation has consistently implemented such an environmental strategy, an example of which is Sakhalin Island in the Far East, which has the potential to achieve carbon neutrality by the end of 2025.

“We value common approaches with SCO countries and believe that the organization can play a key role in ensuring a just energy transition and forming universal models of climate neutrality,” Reshetnikov stressed.

Earlier, Russia presented to the SCO countries the best practices of investor support and proposed to unify approaches to sustainable financing: how to assess environmental, social, governance and non-financial risks.

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