IDEAS home Printed from https://ideas.repec.org/a/nea/journl/y2022i56p195-201.html
   My bibliography  Save this article

The prospects for ecological modernization of Russian economy

Author

Listed:
  • Safonov, G.

    (HSE University, Moscow, Russia)

  • Potashnikov, V.

    (RANEPA, Moscow, Russia)

  • Safonov, M.

    (University of Chicago, USA)

  • Stetsenko, A.

    (HSE University, Moscow, Russia
    Moscow State University, Moscow, Russia)

  • Kozeltsev, M.

    (HSE University, Moscow, Russia)

  • Dorina, A.

    (HSE University, Moscow, Russia)

  • Semakina, A.

    (HSE University, Moscow, Russia)

  • Sizonov, A.

    (HSE University, Moscow, Russia)

Abstract

Development of the Russian economy over the last 20 years was based on intensive exploitation of natural resources that has led to a significant increase of negative impacts on the environment, including growth of pollution and emissions of greenhouse gases. The environmental problems are also worsening on the global level, and the international community adopted several treaties aimed at reaching the goals of sustainable, socially, and environmentally balanced development. The "green" transformation of world economy leads to the fundamental changes in energy, industries, transport systems, switch to the eco-friendly business models, orientation of financial flows and investments towards decarbonization of world economy. Phasing-out of fossil fuels and pollution-intensive products may result in significant losses of export revenues, lack of access to capital and investment for Russia, if the ecological modernization of its economy would not happen. The projections based on TIMES model showed that Russia is capable to reduce greenhouse gas emissions by 75-88% below 1990 level by 2050, while GDP per capita would increase threefold. It would ensure reaching the carbon neutrality goal by 2060 and compliance with the international commitments under the ecological conventions and agreements.

Suggested Citation

  • Safonov, G. & Potashnikov, V. & Safonov, M. & Stetsenko, A. & Kozeltsev, M. & Dorina, A. & Semakina, A. & Sizonov, A., 2022. "The prospects for ecological modernization of Russian economy," Journal of the New Economic Association, New Economic Association, vol. 56(4), pages 195-201.
  • Handle: RePEc:nea:journl:y:2022:i:56:p:195-201
    DOI: 10.31737/2221-2264-2022-56-4-9
    as

    Download full text from publisher

    File URL: http://www.econorus.org/repec/journl/2022-56-196-201r.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.31737/2221-2264-2022-56-4-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Igor Makarov & Henry Chen & Sergey Paltsev, 2020. "Impacts of climate change policies worldwide on the Russian economy," Climate Policy, Taylor & Francis Journals, vol. 20(10), pages 1242-1256, November.
    2. Alexey A. Makarov & Tatyana A. Mitrova & Vyacheslav A. Kulagin, 2020. "Long-term development of the global energy sector under the influence of energy policies and technological progress," Russian Journal of Economics, ARPHA Platform, vol. 6(4), pages 347-357, December.
    3. George Safonov & Vladimir Potashnikov & Oleg Lugovoy & Mikhail Safonov & Alexandra Dorina & Andrei Bolotov, 2020. "The low carbon development options for Russia," Climatic Change, Springer, vol. 162(4), pages 1929-1945, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    2. Joaquín Bernal-Ramírez & Jair Ojeda-Joya & Camila Agudelo-Rivera & Felipe Clavijo-Ramírez & Carolina Durana-Ángel & Clark Granger-Castaño & Daniel Osorio-Rodríguez & Daniel Parra-Amado & José Pulido &, 2022. "Impacto macroeconómico del cambio climático en Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, issue 102, pages 1-62, July.
    3. Anna Korppoo, 2022. "Russian discourses on benefits and threats from international climate diplomacy," Climatic Change, Springer, vol. 170(3), pages 1-24, February.
    4. Henrique Oliveira & Víctor Moutinho, 2021. "Renewable Energy, Economic Growth and Economic Development Nexus: A Bibliometric Analysis," Energies, MDPI, vol. 14(15), pages 1-28, July.
    5. Sheng Hu & Pan Zhang & Taoyuan Wei, 2022. "Financial Measures to Reduce Carbon Emissions in Britain, Japan and the United States: A SWOT Analysis," IJERPH, MDPI, vol. 19(17), pages 1-18, August.
    6. Licandeo, Francisca & Flores, Francisco & Feijoo, Felipe, 2023. "Assessing the impacts of economy-wide emissions policies in the water, energy, and land systems considering water scarcity scenarios," Applied Energy, Elsevier, vol. 342(C).
    7. Tomasz L. Nawrocki & Danuta Szwajca, 2021. "A Multidimensional Comparative Analysis of Involvement in CSR Activities of Energy Companies in the Context of Sustainable Development Challenges: Evidence from Poland," Energies, MDPI, vol. 14(15), pages 1-19, July.
    8. Plazas-Niño, F.A. & Ortiz-Pimiento, N.R. & Montes-Páez, E.G., 2022. "National energy system optimization modelling for decarbonization pathways analysis: A systematic literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 162(C).
    9. Camila Agudelo-Rivera & Clark Granger-Castaño & Andrés Sánchez-Jabba, 2022. "The Expected Effects of Climate Change on Colombia’s Current Account," Borradores de Economia 1214, Banco de la Republica de Colombia.
    10. Igor Makarov, 2022. "Does resource abundance require special approaches to climate policies? The case of Russia," Climatic Change, Springer, vol. 170(1), pages 1-21, January.
    11. R. Schaeffer & A. Köberle & H. L. Soest & C. Bertram & G. Luderer & K. Riahi & V. Krey & D. P. Vuuren & E. Kriegler & S. Fujimori & W. Chen & C. He & Z. Vrontisi & S. Vishwanathan & A. Garg & R. Mathu, 2020. "Comparing transformation pathways across major economies," Climatic Change, Springer, vol. 162(4), pages 1787-1803, October.
    12. Yulia D. Sokolova, 2023. "Modeling of the Nexus Between Environmental Regulations of Trade Partners and Export Volumes: Analysis of Russian Regions," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(4), pages 975-1005.
    13. Bobylev, Sergey & Grigoryev, Leonid, 2020. "In search of the contours of the post-COVID Sustainable Development Goals: The case of BRICS," MPRA Paper 102424, University Library of Munich, Germany.
    14. Ilya Stepanov & Igor Makarov & Ekaterina Makarova & Elizaveta Smolovik, 2023. "Climate change and challenges to sustainable development in the Russian Arctic," Climatic Change, Springer, vol. 176(4), pages 1-18, April.
    15. Ward Suijs & Sebastian Verhelst, 2023. "Scaling Performance Parameters of Reciprocating Engines for Sustainable Energy System Optimization Modelling," Energies, MDPI, vol. 16(22), pages 1-28, November.
    16. Valeria Costantini & Valentina Morando & Christopher Olk & Luca Tausch, 2022. "Fuelling the Fire: Rethinking European Policy in Times of Energy and Climate Crises," Energies, MDPI, vol. 15(20), pages 1-18, October.
    17. V. V. Saenko & A. Yu. Kolpakov, 2021. "Prospects for Russian Energy Exports in the Conditions of Implementing International Climate Policy Measures," Studies on Russian Economic Development, Springer, vol. 32(6), pages 668-675, November.
    18. Ellie Martus & Stephen Fortescue, 2022. "Russian coal in a changing climate: risks and opportunities for industry and government," Climatic Change, Springer, vol. 173(3), pages 1-21, August.

    More about this item

    Keywords

    Russia; ecological modernization; climate change; decarbonization; low carbon economy;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nea:journl:y:2022:i:56:p:195-201. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexey Tcharykov (email available below). General contact details of provider: https://edirc.repec.org/data/nearuea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.