Implementation of Carbon-neutral Projects as a Tool for Sustainable Development

Tamilla Magomadova, Tamerlan Magomaev, Elman Akhyadov

2022

Abstract

The turn of the Russian economy towards low-carbon development will lead to the fact that in the near future all major infrastructure programs and projects will be evaluated in terms of their contribution to achieving the goal of carbon neutrality. Obviously, the closest attention will be paid to projects in the electric power industry. And if now investors are mainly guided by the ESG factors of companies’ activities, then in the future this will become characteristic of regulators and support institutions. The problem of developing uniform methods and approaches to calculating the carbon footprint of infrastructure projects is undoubtedly relevant. In most cases, companies in Russia do not yet disclose non-financial reporting at all, and if they do, they use foreign corporate methods (GRI, TCFD, and others). In the summer of 2021, the Bank of Russia issued recommendations on the disclosure of non-financial reporting by issuers, which are built in compliance with the most common global corporate standards (GRI). Orientation to established practices allows companies to reduce the time and cost of reporting, if they already report publicly according to foreign standards. The methods implemented in Russia for calculating the carbon footprint of infrastructure projects should also be based on the most common corporate standards in the world and strive for international unification. Another important problem that does not yet have a solution is the verification of calculations and reporting. And here, to increase confidence in the indicators, digital technologies should come to the rescue. The Industrial Internet of Things, distributed systems for monitoring the condition of equipment, video monitoring, and analysis tools without human intervention make it possible not only to generate gigantic arrays of data on the contribution of this or that equipment to total emissions, but also to obtain objective, unbiased results of their processing.

Paper Citation

in Harvard Style

Magomadova T., Magomaev T. and Akhyadov E. (2022). Implementation of Carbon-neutral Projects as a Tool for Sustainable Development. In Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE, ISBN 978-989-758-608-8, SciTePress, pages 38-43. DOI: 10.5220/0011554200003524

in Bibtex Style

@conference{mmtge22,
author={Tamilla Magomadova and Tamerlan Magomaev and Elman Akhyadov},
title={Implementation of Carbon-neutral Projects as a Tool for Sustainable Development},
booktitle={Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE,},
year={2022},
pages={38-43},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011554200003524},
isbn={978-989-758-608-8},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on Methods, Models, Technologies for Sustainable Development - Volume 1: MMTGE,
TI - Implementation of Carbon-neutral Projects as a Tool for Sustainable Development
SN - 978-989-758-608-8
AU - Magomadova T.
AU - Magomaev T.
AU - Akhyadov E.
PY - 2022
SP - 38
EP - 43
DO - 10.5220/0011554200003524
PB - SciTePress