Russia may spend up to 2 % of GDP on carbon neutral status, PM says
Spending to make Russia carbon neutral by 2060 could total up to 2 % pf GDP, Prime Minister Mikhail Mishustin told the annual Gaidar Forum.

“Russia is facing one more important task – adapting to the global energy transition,” Mishustin said in a video message to the forum.

“Last autumn, a strategy of low-carbon development was adopted. Carrying it out should ensure the Russian economy makes the transition to carbon neutrality by 2060, or perhaps even earlier. Every year, according to preliminary estimates, a series of measures to reduce our carbon footprint could amount to between 1 % and 2 % of GDP as we approach 2050.”

The prime minister said that Russia planned action on a number of different fronts — from complete restoration of forests after the completion of logging operations to alternative energy sources. This will lead to the creation, on the basis of those programmes, of new infrastructure for industry and transport.


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