While Putin and Xi did not attend the climate summit, Modi s attending, though making clear, as TASS notes, that any increase in ambition by states like India to do more on the emissions problem, should be matched by an increase in climate finance commitments from developed nations to developing countries — to the tune of $1 trillion.
TASS also reports that the most important subjects for Russia during these talks, according to Russian Economic Development Minister Maxim Reshetnikov, are the definition of the parameters and prospects for forest climate projects, and the recognition of nuclear energy as a “low-carbon option.”
Izvestia daily reports that the Deputy Speaker of the Russian Federation Council, Konstantin Kosachev, noted that the Russian leader’s key message was that the decisions have to be inclusive and collective. He added that, as Putin noted, it is important for all players in the energy market to act responsibly, based on the interests of all sides, and that it is necessary to move on to normal market relations, built exclusively on economic considerations and mutual benefit. Putin will have a statement on forestry and improved agricultural technologies, which is expected to stress the crucial, globally relevant role of Russian forests in absorbing CO2, to be read at the summit. This comes under the Russian argument of “climate justice” that looks at the individual countries’ specific situations, rather than imposing “same size fits all” on them.
