Russia Eyes Windfall From Greenhouse Gas Quotas

Russia may receive from a few hundred dollars to $5-6 billion per year, depending on market conditions.

Published: 05-Apr-2001

MOSCOW (Reuters) - Russia, whose carbon dioxide emissions fell by a third over the last decade, could make big money from selling unused pollution quotas if such a market is established, a government official said on Thursday.

"Once the market is established, Russia's share will be some 50 percent of demand," Vsevolod Gavrilov, a Ministry of Trade and Economic Development expert, told Reuters on the sidelines of a conference on market mechanisms of a global climate treaty.

"Russia may receive from a few hundred dollars to $5-6 billion per year, depending on market conditions," he said.

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