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Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia

Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia . Mark A. Izeman Senior Attorney Natural Resources Defense Council (NRDC) mizeman@nrdc.org Russia: +7-909-683-8800 USA: +1-646-233-3327. Focus Areas. Green Investment Scheme (GIS)

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Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia

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  1. Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia Mark A. Izeman Senior Attorney Natural Resources Defense Council (NRDC) mizeman@nrdc.org Russia: +7-909-683-8800 USA: +1-646-233-3327

  2. Focus Areas • Green Investment Scheme (GIS) • Programmatic Joint Implementation • Energy Efficiency Laws • NRDC WORKING IN COOPERATION WITH GRADUATE STUDENTS FROM YALE UNIVERSITY AND NEW YORK UNIVERSITY SCHOOL OF LAW IN U.S.

  3. GIS Structural Alternatives • Bi or Multi Lateral Country Agreements • Agreements Between Private Sector Stakeholders • Existing “Green” Russian Funds • Federal Target Program

  4. Russian GIS Legal and Policy Issues Legal Policy Green Funding Projects Green Verification Self-Perpetuating “Revolving Fund” • Property Rights/Taxation • Privatization Law • Budget Code

  5. Programmatic JI • Programmatic JI = government or private sector initiatives that achieve GHG reductions through multi-site actions executed over time • Will the JI pipeline in Russia focus on long-term EE gains?

  6. Energy Efficiency • Fastest, cheapest and cleanest new supply of energy • Most cost-effective and expeditious way to reduce GHG emissions • Strong EE laws facilitate carbon-trading schemes

  7. Next Steps for NRDC Research • Complete Initial Research Phase • Circulate Draft “Working Paper” • Seek Feedback From Stakeholders • Undertake Additional Legal Research and Finalize Recommendations

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