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...

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Bibliographic Details
Main Author: Makarov, Igor
Other Authors: Besley, Daniel, Hasan, Dudu, Golub, Elena
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2021
Series:Energy-Environment Review
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
Summary: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