Russia, China in talks on harmonizing approaches to carbon regulation

Résumé détaillé

ANTALYA. Nov 12 (Interfax) - Russia and China are discussing the possibility of harmonizing their national approaches to carbon regulation, Russian Economic Development Minister…

ANTALYA. Nov 12 (Interfax) - Russia and China are discussing the possibility of harmonizing their national approaches to carbon regulation, Russian Economic Development Minister Maxim Reshetnikov said on the sidelines of the COP31 climate conference.

"We're working very closely with the Chinese side. We will meet here, discuss this. [...] We're looking at how we can align our quota trading systems, concepts of product carbon footprint, how we can use the same standards. Because China is doing a great deal here and we have our own experiments, so we're in constant consultations with our colleagues so that in future we can transition to a, if not common, then very similar system of regulation that will be in the interests of our countries' economies," Reshetnikov told reporters.

"But this is a long road that we've just begun. It will obviously take time, but within the context of our traditionally constructive and good-neighborly relations with our Chinese friends, we will certainly find a solution," Reshetnikov said.

The Economic Development Ministry said earlier that Reshetnikov and his deputy Vladimir Ilyichev are scheduled to meet with China's Environment Minister Huang Runqiu and his deputy Li Gao on the sidelines of COP31 on the evening of November 12.

The UN COP31 climate change conference is taking place in Antalya, Turkey from November 9 to 20. In order to reach a compromise on the country in which the conference would be held, hosting duties were divided between Turkey and Australia, which had also sought to organize the 2026 conference. Australia was given the authority to preside over negotiations.

The conference traditionally focuses on reduction of greenhouse gas emissions and adaptation to the consequences of climate change, a just transition, development of low-carbon technologies and climate financing.

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