The post-Kyoto Economy of Russia
The post-Kyoto economy of Russia
Describe
Russia has become the world’s largest exporter of natural gas, the second largest oil exporter, and the third largest energy consumer. Russia’s economic growth significantly depends on the demand for carbon-based fuel. Energy prices have a crucial indirect impact on the economy through wage developments and consumption. After ratified the Kyoto Protocol, Russia has considerable room to increase emissions prior to 2012 before it will exceed its Kyoto emissions targets. Russia also can sell its excess credits or attract investment designed to further reduce emissions. The Kyoto Protocol was never seen as an environmental pact in Russia, but rather as a means of gaining economic and political benefits.
Enablers
The implementation of the Kyoto Protocol will contribute to the restructuring and modernization of the Russian energy sector.
By achieved benefits from international partners.
Further modernization of the economy could help to sustain its growth, while emissions would decline.
Inhibitors
Protocol scientifically unsound, inefficient for meeting the Convention goal, and harmful for the Russian economy.
Economy and emissions both on the rise
Threat of the development of sustainability energy and the consumption of oil slow down led to the falling exports
Time
2004 Russia ratified the Kyoto Protocol
Paradigms
1. Energy sector of Russia will be more productive and efficient
2. Russia will reduce the dependence on the energy sector and diversify the economy
3. It strengthens the relations between Russia and EU
4. Russia will persuade other emerging counties, such as China to ratify the K.P.
Reference
http://www.imf.org/external/pubs/ft/survey/so/2009/rea072209a.htm http://inforumweb.umd.edu/papers/conferences/2007/shirov.pdf http://web.ebscohost.com/ehost/pdf?vid=11&hid=4&sid=079d58a2-e195-4b61-9fb2-113062eb674b%40sessionmgr10 http://www.upi-fiia.fi/assets/events/UPI_Briefing_Paper_23_2008.pdf http://web.ebscohost.com/ehost/pdf?vid=2&hid=108&sid=9fbc4031-58c8-40d5-8c00-4d6bc0941a85%40sessionmgr110 http://en.rian.ru/business/20070921/80301609.html http://web.ebscohost.com/ehost/detail?vid=2&hid=5&sid=de8b5cfc-1def-403e-a99d-520cd39be9ea%40sessionmgr14&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=buh&AN=14088206