On December 9, 2015 under the COP21 framework of participation Minister of Natural Resources and Environmental Protection Sergey Donskoy said about the plans to introduce a tax on carbon emissions, as well as investing in renewable energy and energy efficiency at Le Bourget.
According to Donskoy, Russia loses about 30-60 billion rubles annually due to natural hazards, connected with the climate change. The minister recalled that particularly 2013 hit by the country's budget, the losses were about 200 billion rubles.
Sergey Donskoy also spoke about the introduction of a mandatory reporting system for greenhouse gas emissions, which will now oblige all the companies whose emissions exceed 150 tons of CO2-equivalent per year.
The Minister also recalled the country's plans for low carbon development and investment in green energy. According to Donskoy, Russia is going to invest about 200 billion dollars in the development of energy-efficient by 2035.
According to the Russian climate commitments, the volume of greenhouse gas emissions should be reduced by 25-30% of 1990 levels by 2030, taking into account the absorption capacity of Russian boreal forests. This will contribute to the development of low-carbon economy in the country.