Low-carbon development of Russia under the foreign economic restrictions

Abstract

The article discusses the main factors infl uencing the formation of the of low carbon development strategy of Russia in a changing macroeconomic environment. The motives of the implementation of the climate agenda by various countries of the world are considered. A position is being formed that refl ects Russia’s interests in the implementation of climate policy. It is noted that the key factor in reducing greenhouse gas (GHG) emissions is technology change. In turn, the main limitation in this case is the capital intensity of the introduction of individual technologies. A key feature of the Russian economy is the need for structural shifts to ensure the sustainability of development in the medium term. In this regard, when implementing climate policy, modernization measures can be introduced to reduce GHG emissions. At the same time, investments in fi xed assets will be the key factor in reducing emissions. It is shown that in the conditions of deterioration of foreign economic relations with developed countries and related technological constraints, both negative effects for the decarbonizartion strategy, as well as some positive shifts occur, determined by possible structural shifts in the Russian economy.