Page 91 - bne IntelliNews monthly country report Russia February 2024

"The net zero cases approach the stated COP28 target but still only reach a 79% and 90% improvement over 2022 levels by 2030," they said.
According to the International Energy Agency, tripling renewables by 2030 is an "ambitious yet achievable goal." Achieving this would require "stronger policy actions by governments to ensure resilient technology supply chains, secure and cost-effective system integration of solar PV and wind, and renewables deployment in many more emerging and developing economies," IEA said in a recent report.
9.1.12 Transport sector news
● Ships
The cargo turnover of Russian seaports will exceed 900mn tonnes by the end of 2023, which will be an absolute record in the entire history of the USSR and Russia, Vitaly Klyuev, head of the department of state policy in the field of maritime and inland water transport of the Transport Ministry, said on December 22. In turn, Deputy Head of the Russian Presidential Administration for Supporting the Activities of the State Council of the Russian Federation, Alexander Yurchik, noted that in 2023, a steady increase in cargo turnover of all ports was ensured by 7% compared to the previous year. The cargo turnover of Russian seaports in pre-pandemic 2019 was 840.3mn tonnes. In 2022, cargo turnover reached 841.5mn tonnes.
Investments in projects related to the Northern Sea Route until 2035 will amount to around 19.5 trillion rubles ($212.38bn), while taxes from Arctic projects will amount to about 21 trillion rubles ($228.73bn), special representative of the Rosatom state corporation on Arctic development issues Vladimir Panov said on December 6. .
"Private investments in Arctic projects related to the Northern Sea Route until 2035 will amount to 18.429 trillion rubles, federal budget investments - to 678bn rubles, the Rosatom state corporation will invest 336bn rubles," Panov said.
9.1.13 Other sector news
The share of domestically produced medical equipment in the Russian market can reach 29% by the end of 2023, the press service of the Russian Ministry of Industry and Trade said on December 7. "The share of domestic medical equipment is forecast to be 29% by the end of 2023. A strategic document is required to boost it and set the balance between the market demand and manufacturing of required high-technology products in particular," the ministry noted. The medical industry development plan by 2030 will be
91 RUSSIA Country Report February 2024 www.intellinews.com