“Russia is preparing to launch a system of financing green projects and initiatives in the field of sustainable development.

The order defining the goals and main directions of its functioning was signed by the Prime Minister Mikhail Mishustin, ”the statement says.

It is noted that "financing will be carried out at the expense of green or adaptive financial instruments (special bonds or loans), with their help business will be able to attract extra-budgetary funds on favorable terms."

“It is stated that green projects must comply with the goals of international documents in the field of climate and sustainable development.

There are no such requirements for adaptation projects.

However, they should not contradict Russia's environmental priorities, ”the press service of the Cabinet of Ministers said.

It is reported that "among the priorities are reducing emissions of pollutants and greenhouse gases, increasing the efficiency of resource use, energy conservation."

“It is emphasized that the project as a whole should have a positive effect on the state of the environment.

The document also defines the directions of green financing.

We are talking, in particular, about energy, construction, industry, waste management, transport, agriculture, water supply and sanitation.

It is in these sectors that special financial instruments will be available, ”the government said.

The press service added that "the adopted order will help form economic incentives for the transition to advanced environmental standards, in continuation of this work, criteria for selecting green projects will be presented in the near future and a mechanism for their verification will be approved."

Earlier, the site "Nevskie Novosti" with reference to the press service of the State Unitary Enterprise "Vodokanal of St. Petersburg" reported that in St. Petersburg, experts from the Urals studied the experience of the city water utility in removing nutrients from wastewater and plan to use it when creating a set of measures to protect the lake Baikal.