Russia’s ratification of Paris Agreement may double En+ R&D costs – Board’s Chairman

TASS Russian News Agency | Oct 16, 2019 at 1:00 PM

MOSCOW, October 16. /TASS/. Russia's ratification of the Paris Climate Agreement could double En+ Group spending on research and development (R&D), the Group's Chairman of the Board of Directors Lord Gregory Barker, said in an interview with TASS.

"I think will see an increase in the investments in R&D. En+ has extensive expertise in research projects. For example the inert anode technology. Potentially, it might lead to the production of carbon-neutral aluminium," he said.

He recalled that Rusal (controlled by En+) "has been working on this project for some years".

"We plan to commercialize it in early 2020s," Barker said.

When asked if most of the changes will be focused on the company's metals division Barker said that the company will be constantly upgrading both its segments - metals and power generation.

"But the progress in the metals segment will be more visible," he said.

In September, Russian Prime Minister Dmitry Medvedev signed a government decree related to Russia's entry into the Paris Agreement on climate action. The signing of this document confirms that Russia is "proactively involved in measures undertaken by the international community in this sphere," Medvedev said. By the end of 2020, Russia is to adopt a laws regulating emission of greenhouse gases.