BR100 Decreased By (-0.64%)
BR30 Decreased By (-0.49%)
KSE100 Decreased By (-0.49%)
KSE30 Decreased By (-0.58%)
AGHA 7.69 Decreased By ▼ -0.12 (-1.54%)
BECO 5.15 Decreased By ▼ -0.06 (-1.15%)
BML 57.96 Increased By ▲ 0.46 (0.8%)
BOP 34.09 Increased By ▲ 0.06 (0.18%)
CNERGY 10.07 Increased By ▲ 0.11 (1.1%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.89 Decreased By ▼ -0.81 (-1.48%)
FFL 16.60 Decreased By ▼ -0.09 (-0.54%)
FNEL 1.23 No Change ▼ 0.00 (0%)
KEL 7.29 Decreased By ▼ -0.11 (-1.49%)
KOSM 5.77 No Change ▼ 0.00 (0%)
LOTCHEM 29.25 Decreased By ▼ -0.07 (-0.24%)
MLCF 92.40 Decreased By ▼ -1.96 (-2.08%)
NBP 201.50 Decreased By ▼ -1.55 (-0.76%)
NCPL 57.15 Increased By ▲ 0.15 (0.26%)
NPL 66.80 Decreased By ▼ -0.90 (-1.33%)
OGDC 315.90 Increased By ▲ 0.06 (0.02%)
PACE 10.56 Decreased By ▼ -0.08 (-0.75%)
PAEL 42.71 Decreased By ▼ -0.49 (-1.13%)
PIBTL 16.60 Decreased By ▼ -0.14 (-0.84%)
PPL 218.50 Decreased By ▼ -1.28 (-0.58%)
PRL 51.32 Increased By ▲ 2.13 (4.33%)
PTC 70.20 Decreased By ▼ -0.33 (-0.47%)
SSGC 27.42 Decreased By ▼ -0.83 (-2.94%)
TBL 9.79 Decreased By ▼ -0.07 (-0.71%)
TELE 8.75 Decreased By ▼ -0.04 (-0.46%)
TPL 18.31 Increased By ▲ 0.07 (0.38%)
TPLP 13.49 Increased By ▲ 0.22 (1.66%)
TREET 22.54 Decreased By ▼ -0.18 (-0.79%)
TRG 59.85 Decreased By ▼ -0.29 (-0.48%)
World

Putin says Russia aiming for carbon neutrality by 2060

Published Updated
By

MOSCOW: President Vladimir Putin said Wednesday that Russia -- one of the world's biggest producers of oil and gas -- is aiming for carbon neutrality by 2060.

"Russia in practice will strive for carbon neutrality of its economy," he said at an energy forum in Moscow.

"And we set a benchmark for this -- no later than 2060."

Speaking about the world's future energy market, Putin added: "The role of oil and coal will decrease."

While the Russian president was notorious for years for his scepticism about man-made global warming, he has changed tune in recent months.

Putin vows Russia will fight climate change

The carbon neutrality pledge follows an earlier ambitious step in June, when Putin ordered his government to develop a plan to cut carbon emissions to below the level of the European Union by 2050.

"The planet needs informed, responsible actions by all market participants -- both producers and consumers -- focused on the long-term, in the interests of the sustainable development of all our countries," Putin said Wednesday.

Russia is currently the fourth-highest emitter of carbon, and critics say the county is doing far from enough to tackle the crisis.

According to many scientists, Russia -- especially its Siberian and Arctic regions -- is among the countries most exposed to climate change.

Comments

Comments are closed for this article.