Publication: Russia and Global Green Transition: Risks and Opportunities
Date
2021-12-07
ISSN
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://openknowledge.worldbank.org/handle/10986/36757 License: CC BY 3.0 IGO.”