WORKSHOP REPORT: Carbon Financing Prospects for the Republic of Belarus

The report details the status of Belarus's efforts to engage in carbon markets, noting that while the country has developed a legal framework and a pipeline of projects totaling 13 MtCO2e, the pending ratification of its Annex B amendment to the Kyoto Protocol has pushed the government to prioritize Voluntary Emission Reduction (VER) projects. It highlights the creation of a Department of Climate Change and a planned Carbon Fund, while noting investor concerns regarding bureaucratic barriers and a lack of expertise among middle-level officials.

• Belarus has developed a legal and institutional framework for carbon financing, including the adoption of "The National Strategy on greenhouse gas (GHG) emission reductions and sinks 2007-2012" and a national climate programme for 2008-2012 that targets an emission reduction of approximately 11 MtCO2e by 2012.
• Due to delays in the ratification of the Belarusian Annex B amendment to the Kyoto Protocol, the government plans to participate in the carbon market via Voluntary Emission Reduction (VER) projects if the amendment is not approved in 2008.
• The government is establishing a Department of Climate Change within the Ministry of Natural Resources and plans to create a Belarusian Carbon Fund, which will be funded by carbon unit sales, registration fees, and a Carbon Levy.
• Belarus has a project pipeline totaling some 13 MtCO2e, with priority areas including renewable energy, energy efficiency, fuel switch, methane capture, and landfill gas flaring.
• Potential investors identify strengths in Belarus's centralized decision-making and government commitment, but cite risks including bureaucratic barriers, low awareness of carbon finance among middle-level officials, and uncertainty regarding corporate management practices.

APA

Tashchilova, S. (2007). WORKSHOP REPORT: Carbon Financing Prospects for the Republic of Belarus. Climate Strategies. https://climatestrategies.org/wp-content/uploads/2014/11/1-workshop-report-minsk.pdf

Chicago

Tashchilova, Svetlana. WORKSHOP REPORT: Carbon Financing Prospects for the Republic of Belarus. Climate Strategies, 2007. https://climatestrategies.org/wp-content/uploads/2014/11/1-workshop-report-minsk.pdf.

Wikipedia

{{cite report |last1=Tashchilova |first1=Svetlana |title=WORKSHOP REPORT: Carbon Financing Prospects for the Republic of Belarus |publisher=Climate Strategies |date=2007 |url=https://climatestrategies.org/wp-content/uploads/2014/11/1-workshop-report-minsk.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{tashchilova2007workshop, author = {Tashchilova, Svetlana}, title = {{WORKSHOP REPORT: Carbon Financing Prospects for the Republic of Belarus}}, institution = {Climate Strategies}, year = {2007}, url = {https://climatestrategies.org/wp-content/uploads/2014/11/1-workshop-report-minsk.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }