Page 146 - RusRPTMay21

9.1.9 Tourism sector news
9.1.10 Utilities & renewables sector news
Unhappy with Ukraine president Zelenskiy’s visit to Turkey on April 11, Russian officials discussed suspending Russian tourism to Turkey, reported the Vtimes in Moscow. Last year, approximately 7mn Russian tourists visited Turkey. The number of tourists has fluctuated, depending on Moscow’s mood. In 2016, 850,000 Russian tourists visited Turkey. Last year, Turkey was visited by 1mn Ukrainians, a number expected to increase this year.
Renewable energy currently accounts for less than 1% of Russia’s power generation. Investments in clean energy between 2014 and 2019 amounted to just $5bn, one-sixth of Brazil’s over the same period and one-tenth of India’s, according to BloombergNEF, a data provider. Some economists are alarmed. “The rents that we enjoyed for the last 20 years will never come back,” a former finance minister, Alexei Kudrin, wrote last year. “That’s a huge challenge for all of economic policy.”
Calls for Russian utilities' climate-related reporting gains pace. Over the last 12 months, we have witnessed a growing number of calls for climate-related disclosure to become a mandatory part of public companies’ reporting and auditing. The support for such needs comes from the most significant asset managers and key regulators. The most prominent of these proposals reflects possible expenses on carbon purchases, be they at the
146 RUSSIA Country Report May 2021 www.intellinews.com