16 September 2008 – LawFuel – Legal Announcements – The global Climate Change team of leading international legal practice, Norton Rose LLP, is hosting a Clean Development Mechanism (CDM) and Joint Implementation (JI) workshop in Moscow on Wednesday 17 September. The workshop will explore the solutions to the common legal pitfalls in CDM/JI projects drawing contrasts with the CDM market many investors are used to.
Anthony Hobley, Head of Global Climate Change, together with local experts, will lead the forum which will cover issues including CDM/JI emerging issues, post 2012 analysis, structured carbon transactions and Certified Emissions Reductions (CER) deals.
Issues relevant to the Moscow market will be discussed in detail, including the Russian Government’s right to exclude a project from the list of approved projects and the issuance, delivery and taxation of Emission Reduction Units (ERUs).
Vladimir Loktionov, Associate in the Moscow office commented:
“In addition to giving a broad overview of the current carbon market from both a Russian and global perspective we will also be looking closely at key issues affecting the market.
One of these is the issuance and delivery of ERU’s which is topical as currently there is no Russian legislation clarifying the mechanics for issuance of ERUs in respect of a JI project and the transfer of such ERUs from the Russian National Registry to the account of a purchaser of such ERUs.
We will also discuss in detail Russia’s current position in meeting eligibility requirements to implement Kyoto mechanisms.”
Norton Rose Group is the leading international firm advising on global climate change and carbon finance matters.
The Climate Change team was cited in Chambers Europe 2008 as “one of the best firms in Europe for transactional work, commended for its vibrant and diverse climate change practice”. Norton Rose LLP was named “Best Law Firm – Kyoto Projects Credits” by Environmental Finance Magazine in 2007.