Page 131 - RusRPTNov21

The base scenario allows for economic growth while reducing greenhouse gas emissions: by 60% by 2050 from the level of 2019 and by 80% from the level of 1990. Further implementation of this scenario would allow Russia to achieve carbon neutrality by 2060.
Elsewhere, on Monday 1 November, Kommersant reported that the Market Council and the Council of Electricity producers had made the first estimates of the CO2 price effect on electricity prices in Russia if costs are passed through to consumers.
According to the Market Council, at payment for 10% of emissions, the wholesale electricity price could grow 0.7% to $6/t (in line with the China) and 9.1% in the case of €60/t (EU price), implying additional payments by consumers of RUB14bn to RUB139bn.
The approval of the Low Carbon Strategy was an awaited development, and it is positive that carbon neutrality has now not only officially been announced, but is part of the document. The 2050 base case scenario is to lead to carbon neutrality by 2060, although the strategy still contains the inertial scenario. More details have yet to be released, while the approved GHG emissions differ from the recently announced preliminary numbers.
The Russian government has once again revised the draft low-carbon development strategy for Russia, and now it looks much more ambitious.
The scenario that was considered intensive in the previous version of the strategy is now taken as the main one. It envisions significant emissions reductions by 2050 and carbon neutrality by 2060. Experts assess the new document positively, noting that it is no longer a shame to travel with it to the UN climate conference.
The Ministry of Economic Development has prepared a new version of Russia's low-carbon development strategy. The project has become much more ambitious than those presented earlier, according to Kommersant, which managed to get acquainted with the document. It says, in particular, that Russia intends to achieve carbon neutrality by 2060 and reduce greenhouse gas emissions by 79% by 2050. In the baseline scenario of the previous version of the strategy, there was no talk of achieving carbon neutrality, and it was planned to reduce emissions mainly through the absorption of greenhouse gases in land use and forestry.
Now the main scenario of the strategy assumes an increase in emissions until 2030 by only 0.6% and their reduction by 79% from the current level (and by 89% from the 1990 level) by 2050.
The authorities are still counting on a strong increase in the absorptive capacity of ecosystems, by a factor of 2.2, but this is less than in the previous version. Russia is expected to achieve carbon neutrality by 2060, but it is possible even earlier.
131 RUSSIA Country Report November 2021 www.intellinews.com