Just a couple of months after it announced it will move ahead with a plan for emission reduction, Russia has abandoned the plan, under pressure from businesses that face steep fines if they don’t comply with the new rules. Bloomberg quoted a statement by the Economy Ministry, which said, “After consultations with the government, it was decided to abandon the specific regulatory requirements. The government will have the right to decide after Jan. 1, 2024 what measures to introduce if Russia is forecast to miss its emissions targets.” The country signed the Paris Agreement on mitigating the effects of climate change in September. At the time, Russia’s climate envoy, Ruslan Edelgeriev told media that “When it comes to further actions, we will have to do a lot of work within the state. We will need to adopt a main law on regulating greenhouse gas emissions. After adopting this law, […]