Russia became a chairman of the Arctic Council commitee
Russia assumed the chairmanship of the committee of the international program for financing activities, aimed at prevention and ilimination of the Arctic pollution consequences. The program of the Arctic Council Project Support Instrument (PSI) is truly unique, because it is funded from a common bank, that is replenished by Finland, Iceland, Norway, the Russian Federation, the United States, Sweden, the Saami Parliament and the Nordic Foundation for Development and Ecology. Projects on climate change, hazardous waste management and biodiversity conservation have already received support.
During the 13th meeting of the PSI Trond Moe, the Managing Director at Nordic Environment Finance Corporation (NEFCO), the organization administering the programme, handed over the functions of Chairman of the Russian Federation, represented by Nuritdin Inamov, Director of the Department of International Cooperation of the Ministry of Natural Resources. “We welcome the financial participation of all member countries in IPP project activities”, said Nuritdin Inamov.
The Arctic Council project was established in 2005, but the mechanism was only able to start working fully earn after the largest investment in 2014, when Russia gave €10 million. Over the past six years, the PSI Committee has approved funding for 21 projects. The funds of the programme are being spent on the support of preparatory activities such as idea and concept development, environmental impact assessment, business plan development, as well as on the preparation of tender documents, and work for pilot and demonstration phases launch.
According to the press service of the Russian Ministry of Natural Resources, Nuritdin Inamov noted the successful development of a number of projects, which are important for Arctic conservation and protection. They are: “Reduction of black carbon and methane emissions from associated petroleum gas flaring”, “Decommissioning of fluorinated greenhouse gases and ozone depleting substances at fish and seafood processing facilities of the Murmansk region”, “Development, construction and operation of a series of three new generation hybrid ships and their effective use on the Arctic rivers”. Nuritdin Inamov has added that he hopes that the pilot projects important for Russia would be launched soon.