Impacts from the annual Arctic 0.5°C increase continue to generate discussion and modelling within the Russian economic community. The researchers wanted to holistically assess the macroeconomic effects of climate change on the Russian economy, using the latest data. They used “a change in Russia’s annual GDP with an increase in the average annual temperature by…
Category: resources
Implementing green finance in Russia
A new study suggests implementing a regulatory framework and strategy to encourage the development of green financing in Russia. The researchers suggest that green financing initiatives can help implement costly environmental projects, using mechanisms to support the national ‘Ecology’ project. Using data from Rosstat, they found that sustainable finance is approximately $2 billion, and 0.18%…
Green shoots not yet visible in the forestry economy
Forest companies are the chief exploiters of forest resources, and their actions may have a major impact on the global sustainable development. Russian companies have a special place in this regard as Russia is the most forested country in the world and the forest industry there has a global impact. Researchers from the University of…
Linking science and action – how to resolve water challenges in Central Asia
With its mixed continental climate, Central Asia faces unstable periods of draughts and rains. This has led to serious water shortages across the regions (Fig. 1) followed by escalating water-based conflicts between countries, increased hunger and threatened economics. However, despite the scientific progress and the continuous international effort, Central Asian water management institutes still rely on…
Is there an Arctic ‘resource curse’? Evidence from the Russian Arctic regions.
Although the development of the Arctic’s natural resources sounds very promising for Russian economics, the expansion of mining brings future risks for the regional well-being, affecting social, physical and economic spheres. Gritsenko and Efimova discuss how the Arctic economics might struggle from being rich in resources. They refer to the idea of ‘resource curse’, a paradox that features…