In Monday`s government resolution, Russia said it did not need to ratify the agreement, as Moscow had already pledged to meet its commitments when the agreement was signed in April 2016. Putin has denied that global warming is man-made, a position that remains unchanged despite ratification, his spokesman told Bloomberg. In a budget discussion with Putin on Monday, Medvedev said funding for environmental programs would increase, but did not mention the Paris agreement. Although the government has not been officially called “ratification,” it said in a statement that the decree meant the adoption of the agreement by Russia and “Russia`s approval of the obligations arising from the Paris agreement.” Following Russia`s ratification of the Paris Agreement, the much-anticipated climate law, tabled in Parliament in December 2018, which would have imposed emissions quotas and penalized large polluters, has been eroded. The influential Union of Russian Industrialists and Entrepreneurs has effectively committed to suring that legislation is reduced to a five-year emissions audit. As part of the Paris Agreement, which allowed countries to set their own targets, Russia pledged to reduce emissions by 25-30% from 1990 levels by 2030. The Paris Agreement is part of the United Nations Framework Convention on Climate Change (UNFCCC), signed in 2015, which deals with the reduction, adaptation and financing of greenhouse gas emissions. Russia has ratified the Paris climate agreement, marking a shift in rhetoric for the world`s fourth-largest greenhouse gas polluter, although its promised targets are so low that it can still increase emissions. In January, Russia`s trade union of industrialists and business leaders scaled back its opposition to the climate agreement, fearing sanctions against Russian companies. The document signed by Prime Minister Dmitry Medvedev states that Russia formally adopts the 2015 Paris Agreement and that it “now has the financial means… Developing countries for prevention and adaptation to climate change. Russia`s ratification of the Paris Agreement in 2019 was followed in early 2020 by the publication of its draft long-term climate strategy.

This strategy includes emissions forecasts for 2050 that, even in the most ambitious scenario, predict a level of greenhouse gas emissions at about the current level. It is more than likely that Russia will achieve both its current goal of the Paris Agreement and its proposed new 2030 target under current policy.