1. Legal Aspects of Green Investment Scheme, Programmatic JI and Energy Efficiency in Russia
Moscow Carbon Market Forum -- April 28-29, 2008 Te
Mark A. Izeman
Senior Attorney
Natural Resources Defense Council (NRDC)
Russia:
USA: 

2. Focus Areas Green Investment Scheme (GIS)
Programmatic Joint Implementation
Energy Efficiency Laws
NRDC WORKING IN COOPERATION WITH GRADUATE STUDENTS FROM YALE UNIVERSITY AND NEW YORK UNIVERSITY SCHOOL OF LAW IN U.S.
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3. GIS Structural Alternatives
Bi or Multi Lateral Country Agreements
Agreements Between Private Sector Stakeholders
Existing “Green” Russian Funds
Federal Target Program

4. Russian GIS Legal and Policy Issues
Property Rights/Taxation
Privatization Law
Budget Code
Green Funding Projects
Green Verification
Self-Perpetuating “Revolving Fund”

5. Programmatic JI
Programmatic JI = government or private sector initiatives that achieve GHG reductions through multi-site actions executed over time
Will the JI pipeline in Russia focus on long-term EE gains?

6. Energy Efficiency Fastest, cheapest and cleanest new supply of energy
Most cost-effective and expeditious way to reduce GHG emissions
Strong EE laws facilitate carbon-trading schemes

7. Next Steps for NRDC Research
Complete Initial Research Phase
Circulate Draft “Working Paper”
Seek Feedback From Stakeholders
Undertake Additional Legal Research and Finalize Recommendations