Publication: Russia and Global Green Transition: Risks and Opportunities
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2021-12-07
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2021-12-21
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Greener economic development in Russia will allow the country to overcome the limits of its current fossil fuel-dependent growth model. It can deliver prosperity to Russia’s citizens that is more sustainable and more resilient to external shocks in a rapidly changing global economy. The choices toward carbon neutrality made by an increasing number of countries and companies bring a new wave of uncertainty to the value of fossil fuel assets. This uncertainty is likely to result in lower and more volatile revenue from exports of hydrocarbons and energy-intensive industrial products.
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“Makarov, Igor; Besley, Daniel; Hasan, Dudu; Boratynski, Jakub; Chepeliev, Maksym; Golub, Elena; Nemova, Vladislava; Stepanov, Ilya. 2021. Russia and Global Green Transition: Risks and Opportunities. © World Bank. http://hdl.handle.net/10986/36757 License: CC BY 3.0 IGO.”
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