Publication: Russia and Global Green Transition: Risks and Opportunities

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Date
2021-12-07
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Published
2021-12-07
Author(s)
Makarov, Igor
Besley, Daniel
Hasan, Dudu
Boratynski, Jakub
Chepeliev, Maksym
Golub, Elena
Nemova, Vladislava
Stepanov, Ilya
Abstract
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.
Citation
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, Washington, DC. http://hdl.handle.net/10986/36757 License: CC BY 3.0 IGO.
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