Makarov, IgorBesley, DanielHasan, DuduBoratynski, JakubChepeliev, MaksymGolub, ElenaNemova, VladislavaStepanov, Ilya2021-12-212021-12-212021-12-07https://hdl.handle.net/10986/36757Greener 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.CC BY 3.0 IGOFOSSIL-FUEL DEPENDENCEPOST-PANDEMIC RECOVERYGREEN TRANSITIONCARBON POLICYCARBON BORDER ADJUSTMENT MECHANISMDECARBONIZATIONGREEN GROWTHCLIMATE POLICYGREEN FINANCELOW-CARBON ENERGY TECHNOLOGYReportWorld Bank10.1596/36757