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Speaking about the world's future energy market, Putin added: "The role of oil and coal will decrease."

While the Russian president was notorious for years for his scepticism about man-made global warming, he has changed tune in recent months.

The carbon neutrality pledge follows an earlier ambitious step in June, when Putin ordered his government to develop a plan to cut carbon emissions to below the level of the European Union by 2050.

"The planet needs informed, responsible actions by all market participants -- both producers and consumers -- focused on the long-term, in the interests of the sustainable development of all our countries," Putin said Wednesday.

Russia is currently the fourth-highest emitter of carbon, and critics say the county is doing far from enough to tackle the crisis. According to many scientists, Russia -- especially its Siberian and Arctic regions -- is among the countries most exposed to climate change.

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