Russian bank Sberbank has started accepting bids for 30 million Emission Reduction Units (ERUs). Experts say the move is a positive signal that Russia will finally begin generating ERUs after a lengthy delay.
Sberbank was appointed as the operator for a scheme to trade carbon emission rights under the Kyoto Protocol last November. A total of €350 million ($476 million) is set to be generated from the move.
According to Olga Gassan-zade, senior analyst at carbon consultancy Point Carbon, the