Shortly before world leaders gathered for the United Nations" recent climate talks in Glasgow (COP26), the government adopted a long-term low carbon development strategy which foresees the country reaching carbon neutrality by 2060 or before. Obligatory carbon reporting for large emitting companies was introduced earlier in 2021. Companies within Russia can also now adopt voluntary emission reduction projects and trade their emissions. (The only exception so far is the Sakhalin region in the Far East of Russia, where a more legally binding emission trading scheme is being drafted.)