Russia and Global Green Transition : Risks and Opportunities
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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Main Authors: | Makarov, Igor, Besley, Daniel, Hasan, Dudu, Boratynski, Jakub, Chepeliev, Maksym, Golub, Elena, Nemova, Vladislava, Stepanov, Ilya |
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Format: | Report biblioteca |
Language: | English |
Published: |
World Bank, Washington, DC
2021-12-07
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Subjects: | FOSSIL-FUEL DEPENDENCE, POST-PANDEMIC RECOVERY, GREEN TRANSITION, CARBON POLICY, CARBON BORDER ADJUSTMENT MECHANISM, DECARBONIZATION, GREEN GROWTH, CLIMATE POLICY, GREEN FINANCE, LOW-CARBON ENERGY TECHNOLOGY, |
Online Access: | http://documents.worldbank.org/curated/undefined/319061639149266594/Russia-and-Global-Green-Transition-Risks-and-Opportunities http://hdl.handle.net/10986/36757 |
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