Russian climate-focused industries are expected to generate annual revenues of more than $50 billion, Russian President Vladimir Putin said on Friday at the St. Petersburg Economic Forum. According to Putin, Russia can take a global leading role in the new market for carbon trading thanks to the country’s natural competitive advantages like forests, tundra, agricultural lands and swamps. Also on rt.com Chinese emissions to turn Beijing into leader of climate business boom as carbon may shapeshift into new currency Putin said that the projected gains make
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