On September 9, 2024 the amendments to the Order of the Ministry of Economic Development of the Russian Federation dated May 11, 2022 N 248 "On Approval of Criteria and Procedure for Assigning Projects Implemented by Legal Entities, Individual Entrepreneurs or Individuals to Climate Projects, Form and Procedure for Submitting a Report on Implementation of Climate Projects" will come into force
The changes concern the following provisions:
- A new criterion for classifying projects as climate projects has been added - activities within a climate project must be carried out in the presence of economic conditions for using the results of project implementation.
- The deadlines for the start of project activities and the crediting period have been limited; the latter also has a limited duration depending on the type of project.
- The list of documents and information to be submitted for project validation has been extended, the content of the validation report has been clarified, and the conditions for obtaining a positive opinion have been defined.
- The form of the report on the implementation of climate projects has been adapted.