The decarbonisation of energy in Russia could require from $657 billion to $1 trillion in additional investment, the head of state bank and financial services company Sberbank, German Gref, told the International Financial Congress.
By 2040, the share of renewable energy sources in Russia’s power generation balance will rise from 1 % to 10 %, while the share of coal will slide from 15 % to 7 %, Deputy Prime Minister Alexander Novak told the international Financial Congress organised by the Russian central bank.