A regular meeting of Vnesheconombank’s Expert Council on “Climate Agreement: New Terms and Conditions for Business and Prospects” was held on January 26, 2016.
The meeting was attended by representatives of Vnesheconombank management, federal ministries and institutions, representatives of Russian business and non-governmental organizations operating in the environmental sector.
The speakers at the meeting were Adviser to the President, Special Presidential Representative on Climate Issues Alexander Bedritsky, coordinator of the program «Climate and Energy» of the World Wildlife Fund (WWF), Sberbank’s Director for Project Management in the Energy Conservation Sector, Head of Projects Management Department in Energy Saving and Nature Management at Sberbank Vsevolod Gavrilov, Deputy Chairman of round-table discussion” Russia’s Business – EU” Oleg Pluzhnikov.
In the course of the meeting its participants discussed changes in the world’s economy as well as changes in approaches to investment projects evaluation. Experts stressed increased importance for investors of such criteria as socio-economic effect, energy efficiency, carbon intensity. Special attention was given to considering business experience of Sberbank and Gazprom in selecting and funding “green” projects”.
Media Relations Office
Phone: +7 (495) 608-46-93, Fax: +7 (499) 975-21-34
Regular issue of the quarterly bulletin “Principles of Sustainable Development in the Activities of Financing Development Institutions and International Organizations” published (RUS)
1.PROMOTION OF SUSTAINABLE DEVELOPMENT PRINCIPLES IN THE BUSINESS COMMUNITY
According to the results of the 21st session of the Parties to the UN Framework Convention on Climate Change, 196 countries approved on December 12, 2015 in the city of Parisa new agreement to replace the Kyoto Protocol. (page 8)
2. DEVELOPMENT OF RUSSIA’S GREEN ECONOMY
At a session of Vnesheconombank’s Expert Council on January 26, 2016, its participants are to discuss an issue “A new Agreement on Climate: New Conditions for Business and Prospects”.
3. INVESTMENT ACTIVITY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
UNEP Inquiry and the Climate Bonds Initiative presented a report “An Analysis of the Green Bonds Market – Guidance for the State Sector”. (page 14)
4. RATINGS AND RESEARCH IN SUSTAINABLE DEVELOPMENT
According to OECD’s new study, most countries need to mobilize their effortsand toughen their climate policies in order to achieve set goals in the fight against climate change.(page 16)
5. ACTIVITIES OF FOREIGN FINANCING ORGANIZATIONS AND DEVELOPMENT INSTITUTIONS
The Industrial Development Bank of India (IDBI) issued green bonds for an amount of 350 million US dollars for a tenure of five years. (page 19)