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Economic Effects of Climate Change in Russia

Author

Listed:
  • B. N. Porfiriev

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • A. Yu. Kolpakov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • D. O. Eliseev

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • V. V. Saenko

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • D. A. Polzikov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • E. A. Lazeeva

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • E. S. Biryukov

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

The article systematizes the repercussions of climate change for the sectors of the Russian economy. A methodology for quantitative economic assessment of the impact from permafrost degradation and floods on economic facilities of the fuel and energy complex, agriculture and forestry is introduced. Estimates of all-range effects are integrated into a single unit of measurement: the change in the Russia’s GDP folllowing a 1°C increase in average annual temperature. Based on scenario calculations, it is argued that an active policy of adaptation to climate change provides for a positive effect for the country’s economy. On the contrary, the refusal from or missing adaptation measureincrease the risk of significant damage and losses for the national economy worth more than three trillion rubles or about 1.9% of GDP (2022).

Suggested Citation

  • B. N. Porfiriev & A. Yu. Kolpakov & D. O. Eliseev & V. V. Saenko & D. A. Polzikov & E. A. Lazeeva & E. S. Biryukov, 2025. "Economic Effects of Climate Change in Russia," Studies on Russian Economic Development, Springer, vol. 36(2), pages 161-174, April.
    • Handle: RePEc:spr:sorede:v:36:y:2025:i:2:d:10.1134_s1075700724700631
    DOI: 10.1134/S1075700724700631
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    References listed on IDEAS

    as
    1. Marshall Burke & Solomon M. Hsiang & Edward Miguel, 2015. "Global non-linear effect of temperature on economic production," Nature, Nature, vol. 527(7577), pages 235-239, November.
    2. S. V. Badina, 2020. "Prediction of Socioeconomic Risks in the Cryolithic Zone of the Russian Arctic in the Context of Upcoming Climate Changes," Studies on Russian Economic Development, Springer, vol. 31(4), pages 396-403, July.
    3. Kalkuhl, Matthias & Wenz, Leonie, 2020. "The impact of climate conditions on economic production. Evidence from a global panel of regions," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    4. Burke, Marshall & Hsiang, Solomon M & Miguel, Edward, 2015. "Global non-linear effect of temperature on economic production," Department of Economics, Working Paper Series qt3g72r0zv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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