Russian govt approves strategy for low-carbon development up to 2050, reaching carbon neutrality by 2060

MOSCOW. Nov 1 (Interfax) - The Russian government has approved the strategy for the country's socio-economic development with a low level of greenhouse gas emissions up to 2050, the press service of the Cabinet of Ministers said in a statement on Monday.

"Achieving carbon neutrality amid sustainable economic growth is among the goals stated in the new strategy for low-carbon development that Prime Minister Mikhail Mishustin has confirmed in his instruction," the press service said.

According to the strategy, the government expects to achieve carbon neutrality no later than 2060.

"Implementing the target-intensive scenario is to allow Russia to achieve a balance between anthropogenic greenhouse gas emissions and absorption no later than 2060," according to the approved strategy.