Russia and Global Green Transition

Макаров, И. А.; Besley, Daniel James; Dudu, Hasan; Boratyński, Jakub; Chepeliev, Maksym; Golub, Elena; Nemova, Vladislava I.; Stepanov, Ilya

doi:10.1596/36757

Cited by 5 publications

(4 citation statements)

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“…These include massive technological innovations that fundamentally change the profile of energy production and consumption along with changes in consumer preferences driven by environmental considerations. Other challenges include existing voluntary carbon markets (The Gold Standard (https://www.goldstandard.org/impact-quantification/environmental-markets (accessed on 20 July 2021))) with verifiable carbon credits and Socially Responsible In-vestment [45] and emerging global and regional climate policies with the potential of cross-border enforcement [46,47].…”

Section: Uses Of Hydrogen and Excess Electricitymentioning

confidence: 99%

Decarbonizing Russia: Leapfrogging from Fossil Fuel to Hydrogen

et al. 2022

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We examine a different approach to complete the decarbonization of the Russian economy in a world where climate policy increasingly requires the radical reduction of emissions wherever possible. We propose an energy system that can supply solar and wind-generated electricity to fulfill demand and which accounts for intermittency problems. This is instead of the common approach of planning for expensive carbon capture and storage, and a massive increase in energy efficiency and, therefore, a drastic reduction in energy use per unit of Gross Domestic Product (GDP). Coupled with this massive increase in alternative energy, we also propose using excess electricity to generate green hydrogen. Hydrogen technology can function as storage for future electricity needs or for potential fuel use. Importantly, green hydrogen can potentially be used as a replacement export for Russia’s current fossil fuel exports. The analysis was carried out using the highly detailed modeling framework, the High-Resolution Renewable Energy System for Russia (HIRES-RUS) representative energy system. The modeling showed that there are a number of feasible combinations of wind and solar power generation coupled with green hydrogen production to achieve 100% decarbonization of the Russian economy.

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Section: Uses Of Hydrogen and Excess Electricitymentioning

confidence: 99%

Decarbonizing Russia: Leapfrogging from Fossil Fuel to Hydrogen

et al. 2022

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“…For the last years, the Russian climate policy has to a large extent been focused on hedging the risks of global energy transition putting an increasing pressure on the economy heavily reliant on fossil fuel production and exports. Various measures implemented by state agencies and companies have vastly been subordinated to the goal of managing the risks for the demand for Russian hydrocarbons and carbon-intensive goods due to climate policies abroad (Makarov et al 2021). Climate change adaptation policy remained at the backyard of decision-making process bringing no tangible results.…”

Section: Discussionmentioning

confidence: 99%

“…As a participant of the Paris Agreement, Russia pledged to tackle the climate problem and approved its Nationally Determined Contribution (NDC) in 2020, which implies that, by 2030, Russia will cut its greenhouse gas emissions by at least 30% from 1990 level. However, the Russia's climate policy tend to be mostly determined not only by the climate change itself, but by the external risks brought with the international low-carbon transition, including risks of decreased demand for fossil fuel exports or the introducing carbon trade barriers, e.g., EU carbon border adjustment mechanism which may bring additional costs to Russian exporters (Makarov, Chen and Paltsev 2020;Stepanov and Makarov 2021;Makarov et al 2021).…”

Section: Russian Arctic and Climate Policies: Are There Enough Synergy?mentioning

confidence: 99%

Climate change and challenges to sustainable development in the Russian Arctic

et al. 2023

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The Arctic region is one of the most exposed to the global climate change. Russia accounts for more than a half of the whole Arctic territory and population and allocates most of the economic activity of the region. From the Soviet time till now, the Arctic region also accounts for a substantial share of Russia's wealth. The article analyzes often ambiguous knowledge on climate change implications for the long-term economic development of the Russian Arctic. Based on the review of the key policy documents issued in Russia and ongoing and planned development programs, the study aspires to contribute more clarity on Russia's standing in the Arctic region. We aim to analyze the convergence of Russian climate and Arctic policies boosting the synergies between each other. The paper discovers, among other issues, the climate change adaptation priorities in policy areas aimed at minimizing net costs of climate change. While policies rhetorically aim at contributing to resilient and sustainable growth in the Russian North, they remain under-developed in accounting for multiple climate-related risks. Our analysis suggests that a comprehensive framework of Arctic policy measures should be centered around climate change as a core factor underlying the future of the region and should encompass two main policy dimensions: (a) strengthening the knowledge base on climate change, the adjunct risks, and emerging opportunities in the region and (b) developing the system for climate change risk management and resilience building ensuring that regional diversity and climatic and socioeconomic features of various locations are taken into serious account.

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“…In such cases, internationalization becomes a key driver of company transformation. Anecdotal evidence can be seen in the case of Russia, where the domestic decarbonization policy agenda was largely driven by the progress in international carbon regulation, such as the introduction of a carbon border tax by the EU (Makarov et al , 2021). Similarly, in India, the introduction of the EU’s CBAM is driving industrial exporters to engage with domestic stakeholders on carbon policies (The Economic Times, 2022).…”

Section: State-owned Enterprises Climate Strategiesmentioning

confidence: 99%

Bulls and bears: inscribing SOEs’ roles into the global climate agenda

Garanina,

Klishevich,

Panibratov

2024

CPOIB

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Purpose This study aims to explore when and under what conditions state-owned enterprises (SOEs) become important players in orchestrating the global climate action and what their roles are as domestic or international (de)carbonizers. Design/methodology/approach This is a conceptual paper that aims to advance understanding of the role of SOEs in addressing the global climate challenge. The authors build on the institutional theory to capture the importance of home-country climate regulation mechanisms and advance knowledge on the internationalization of SOEs. The authors review the literature on the institutional boundaries that shape the environmental activities of firms at home and abroad and develop the argument on the influence of home country institutions and internationalization on the role of SOEs in the global climate agenda. Findings In this study, the authors elaborate the SOEs’ climate action matrix and offer three propositions based on the fact that SOEs’ environmental strategies are driven by the interests of the state as owner and the scope of SOEs’ internationalization. First, the authors propose that the level of home country’s climate policy ambition explains SOEs’ stance on climate action. Second, scope of internationalization explains SOEs’ stance on climate action. Third, the progressive/increasing involvement of SOEs in climate action enhances the country’s climate stance. Originality/value The authors incorporate the climate argument into international business (IB) studies of SOEs’ internationalization, a novel approach that helps us to advance the knowledge on the complex issue of corporate climate action. The authors argue for a dynamic and reciprocal relationship between home/host countries and SOEs’ climate engagement. In doing this, the authors contribute to the IB research and policy agenda by exploring SOEs’ engagement in advancing the global climate agenda.

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Russia and Global Green Transition

Cited by 5 publications

References 0 publications

Decarbonizing Russia: Leapfrogging from Fossil Fuel to Hydrogen

Decarbonizing Russia: Leapfrogging from Fossil Fuel to Hydrogen

Climate change and challenges to sustainable development in the Russian Arctic

Bulls and bears: inscribing SOEs’ roles into the global climate agenda

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