ЦБ сообщает: Global transition to green economy: challenges for Russia and the financial sector’s role (Банк России)

INTERNATIONAL FINANCIAL CONGRESS
30 June 2021

Recently, many governments of leading economies and private sector actors have been setting increasingly ambitious climate targets, in particular in terms of reducing emissions and use of coal as well as other carbon-heavy commodities. In the medium term, one could expect not only cross-border taxation, but also significant strategic shifts and changes in consumers’ preferences. Given the role of carbon-heavy commodities in the Russian economy, a global shift to green economy could have major repercussions for the country, which need to be taken into account by the financial and real sector alike.
What should the Government, Bank of Russia and private actors do to contain the increasing risks? How can Russia turn climate challenges into strategic opportunities?

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Global transition to green economy: challenges for Russia and the financial sector’s role