The Russian Agro-Climate Initiative (RACI) was created to consolidate the efforts of agricultural holdings, farms, cooperatives, fertilizer companies, agricultural machinery, energy equipment, food and retail chains in order to absorb CO2 and reduce or reset their carbon footprint. Today, several Russian and foreign agricultural holdings have already confirmed their participation in this initiative.
On November 30, 2021, Nikolay Safronov, CEO of Global Hydro Rus LLC, at a meeting with Vyacheslav Vekovtsev, CEO of Ecopolis Certification and Service LLC, announced his intention to join and actively support the Russian Agro-Climatic Initiative. "Small hydropower for Russian farmers is not only an environmentally friendly way to solve the problems of energy supply for remote and hard-to-reach territories and farms through the formation of active energy complexes, but it is also a potential source of income for investors”, Mr. Safronov said.
- Joint development of CO2 sequestration technology for different agro-climatic zones of Russia from pilot projects to their scaling.
- Training farmers to use this technology and support in the fields.
- Providing control, tracking and verification of sequestered CO2 with subsequent registration of them in the form of carbon credits.
- Creation of a legal and financial basis for trading carbon credits in the form of an exchange to motivate farmers.
Global Hydro Rus LLC (https://www.global-hydro.ru/globalhydrorus) is 100% subsidiary of the Austrian hydro-power equipment plant Global Hydro Energy GmbH on the territory of the Russian Federation and CIS countries. The company helps to implement investment projects for the new construction and reconstruction of hydroelectric power plants, hydroelectric power plants, small and mini hydroelectric power plants, providing integrated systems based on hydroelectric units of its own design and production.