This Resolution sets out the rules for an authorised operator to conduct transactions with carbon credits through the reserve account. Carbon credits shall be credited to the reserve account upon issuance into circulation and, where required, in climate projects involving a risk of greenhouse gas release. Carbon credits held in the reserve account cannot be sold, pledged, encumbered, or seized. Carbon credits may be moved from the reserve account only after a report on the implementation of climate projects containing verified results of emissions reductions and project performance.
This reserve account safeguards climate projects with reversal risks, such as for carbon capture and storage. The rules will be in effect from 1 March 2027 to 1 March 2033, a period of six years.

Resolution No. 994 on the approval of rules for carbon credit transactions via the Reserve Account

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Entered into force

Russian Federation

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Either money or something of monetary value is transferred between two or more organisations, people or countries.

Resolution No. 994 on the approval of rules for carbon credit transactions via the Reserve Account

Finance