General info

National Carbon Sequestration Foundation (NCSF) was established in 2001 as not for profit partnership. During initial years prior to its reorganization in 2008, NCSF sought position of leading proponent of climate change problem solutions in Russia and ratification and implementation of the Kyoto Protocol by the Russian Federation. After Russia took historical decision to ratify the Kyoto protocol and the Protocol entered into force, in February 2005, NCSF had expanded its services and activities.

This expansion included provision of full range consulting services on the  Kyoto Protocol as well as further examination of opportunities implied by the Protocol. Customers interested in consulting services to facilitate their access to flexibility mechanisms’ potential of this pathbreaking international environmental agreement were already visible for us and included both Russian and international companies as well as government organization both in Russia and abroad. Hence NCSF new direction has become clear - comprehensive development of Russian carbon market instruments and their sound integration into global carbon trading system.

Goals and objectives of the company:

  • Building carbon trading capacity in Russia, including development of carbon trading system justification and design for the Government;
  • Facilitation of fulfillment of Russian national commitments under UNFCCC and Kyoto Protocol;
  • Active cooperation with and support of federal and regional legislature for successful implementation of the Kyoto Protocol provisions;
  • Attracting additional investments and financial resources to Russian GHG emissions reduction projects and maximizing carbon credits’ value.

Over the years NCSF team of specialists was included as experts and advisors in official Russian delegation participating in sessions of subsidiary bodies, Conferences/Meetings of the Parties to the UNFCCC and Kyoto Protocol. Moreover company's representatives actively participated in development of the Marrakesh Accords clauses, detailed guidelines for implementing of the Kyoto Protocol flexibility mechanisms: Joint Implementation, Clean Development Mechanism and Emissions Trading.

Company also closely cooperates with the Ministry of Economic Development, Roshydromet (Federal Service of Russia on Hydrometeorology and Monitoring of the Environment) and the Ministry of Natural Resources and Ecology. These government authorities are directly in charge of the UNFCCC and the Kyoto Protocol implementation in Russia.

NCSF also takes part in:

  • The Ministry of Economic Development and Trade and Russian Association “Delovaya Rissiya” (“Business Russia”) Joint Working Group on evaluation of risks and opportunities of carbon emissions regulations and development of Russian carbon emissions trading system with NCSF General Director Yuri Fedorov acting as Cochairman of the Joint Working Group;
  • The Working group of the Council of Federation on elaboration of the federal legislation required for Kyoto Protocol implementation in Russia;
  • Public Environmental Council of the Ministry of Natural Resources and Ecology;
  • Working group of the Ministry of Economic Development on implementation of the Kyoto Protocol provisions in Russia
  • Expert work group of Roshydromet on implementation of decisions and preparation for sessions of Subsidiary Bodies, Conferences/Meetings of Parties to the UNFCCC and of the Kyoto Protocol.