MOSCOW. (Viktor Danilov-Danilyan for RIA...
the less carbon dioxide goes into the air.The KP's measures are intended to progressively modify the general energy balance. Its joint implementation projects could help re-equip the industry with less energy-intensive and more environmentally friendly technologies. These projects provide for direct investment in upgrading production, and payment will be received in the form of saved emissions. They could guarantee our industry much-needed modernization without (or with very modest) financial expenditures.
But we do not have proper legislation for such joint implementation projects. Our Western partners are interested in cooperating with us and have subjected Russia to heavy criticism more than once. For them, Russia is a close, familiar, and highly profitable market, but we are not letting them in.
Any economist or analyst would applaud more sensible spending on global aims. The gist of the KP is to develop mechanisms which would rationalize spending
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