E3S Web Conf.
Volume 209, 2020ENERGY-21 – Sustainable Development & Smart Management
|Number of page(s)||7|
|Section||Session 4. Eastern Vector of Russia's Energy Strategy: Current State and Look into the Future|
|Published online||23 November 2020|
Low-carbon development strategy of Russia considering the impact on the economy
Institute of Economic Forecasting of the Russian Academy of Sciences (IEF RAS), 47 Nakhimovsky Prospect, Moscow, Russia
* Corresponding author: firstname.lastname@example.org
The article considers the impact of national climate policy on the development of the Russian economy and energy sector. Implementation of an aggressive scenario (which is aimed at containing at any cost the rise in global temperature within 1.5 °C compared to the pre-industrial era) is unacceptable to Russia from socioeconomic perspective given it leads to lowering the average annual GDP growth rate by 1.8 percentage points by 2050. Effective long-term development strategy with low GHG emissions level should focus on structural and technological modernization of the economy; improve the absorption potential of the LULUCF sector; stimulate only those structural changes in the energy sector that involve production and technological chains within the country and do not provide for excessive price growth. Russia retains a significant potential for energy efficiency growth, and the necessary condition for activating this process is sustainable economic growth as it involves modernization of the production facilities and using available and competitive industrial capacities. The implementation of a reasonable scenario, based on these principles, would allow Russia to fulfil the nationally determined contributions within the Paris Agreement while ensuring economic growth at the rate not less than the global average one.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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