Don’t miss the latest developments in business and finance.

Russia adopts Paris climate agreement: decree

Image
AFP Moscow
Last Updated : Sep 23 2019 | 7:10 PM IST

Russia's prime minister on Monday gave formal support to the Paris climate agreement and ordered Russian laws to be adapted to its obligations, according to a decree posted on the government's website.

The document signed by Prime Minister Dmitry Medvedev says that Russia is formally adopting the 2015 Paris agreement and will now "allocate financial resources... to developing countries for prevention and adaptation to climate change."
While not formally named a "ratification," the government said in a statement that the decree signifies Russia's adoption of the agreement and
"The threat of climate change is (the) destruction of the ecological balance, increased risks for successful development of key industries... and most importantly, threat to safety of people living on permafrost and increase of natural disasters."

Also Read

First Published: Sep 23 2019 | 7:10 PM IST

Next Story