Carbon Finance and Financing Energy Efficiency and Energy Saving Projects

According to Russian Government Decree dated 15 September 2011 No. 780 On Measures for the Implementation of Article 6 of the Kyoto Protocol to the UN Framework Convention on Climate Change, Sberbank performs the functions of a carbon units operator and ensures the financing of activities associated with their transfer and acquisition. The Bank reviews applications from Russian investors to gauge eligibility for classification as joint implementation projects (projects implemented in accordance with Article 6 of the Kyoto Protocol) and for registration as such.

In 2011, the Bank reviewed 20 applications involving the modernisation of equipment in various sectors of the economy with total reductions amounting to 56 million tonnes of СO2 equivalent.

Number of joint implementation<br/> projects
by sector, 2010-2011
Sectoral structure of carbon emission reductions<br/>from projects submitted <br/>for
approval in 2011

In 2011, transactions involving some 20 million emission reduction units were initiated by Russian investors, with their revenues exceeding EUR 150 million.

Emission reductions from joint implementation
projects<br/> approved / submitted for approval<br/>
in 2010-2011, by sector

Overall emission reductions from joint implementation projects approved or submitted for approval in 2010-2011 amounted to 149 million tonnes of СO2 equivalent; of this amount, 28 million tonnes of СO2 equivalent was issued as emission reduction units (with some 24 million tonnes transferred to foreign customers).

Carbon credits issued in 2010-2011, by sector


My Annual Report

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