Estimations of the Investment Costs for Transition to Carbon-Free Economy in Russia by 2060

08.07.2022 JeeesAdmin 2022-02-en 0

,Kirill Degtyarev1,2, Oleg Sinyugin1,3Mikhail Berezkin1,4

1Lomonosov Moscow State University, Moscow, Russia

2E-mail:kir1111@rambler.ru, 3E-mail:olegsinyugin@yahoo.com,4E-mail:mberezkin@inbox.ru

Abstract.The article contains an estimation of the investment costs that are necessary in the case of entire non-carbon energy transition in Russia by 2060. The evaluations are based on a data on the current energy consumption in Russia and its forecasts, with an assumption that all the energy needs are to be satisfied with only non-carbon energy carriers the authors used earlier when estimating capital expenditures for the global energy transition. The authors concluded that in Russia they amount some 400 trillion rubles, and these evaluations can be decreased to 160 trillion rubles in the case absorption of CO2 by the Russian forests under the medium estimations is taken into account.  The first case requires a sharp, 2-3-fold increase of investments into Russian energy sector, and the both cases require a cardinal change of their structure in favor of non-carbon power stations at the expense of the hydrocarbon sectors.

At the same time, maximal estimation of the forests’ absorption ability could meant that the goal of carbon neutrality has already achieved and it requires no additional investments. 

Keywords:carbon-free economy, energy transition, investment costs, nuclear energy, hydro energy, wind energy, solar energy, energy industry of Russia

Acknowledgment

The article was prepared in accordance with the state budget theme “Geographical foundations of sustainable development of energy systems using renewable energy sources” (121051400082-4).

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