Achieving carbon neutrality by 2060 will cost Russia 102.7 trillion rubles if we move towards it along the most economical path, according to an analytical review by VTB Capital. In particular, the least costly methods are waste disposal, methane emissions reduction, decarbonisation of the power industry, and forestry projects. According to VTB Capital experts, this can eliminate 59% of emissions in the Russian economy. At the same time, complete decarbonization by 2060 would require costs of 479.8 trillion rubles.
Carbon neutrality does not imply a 100% reduction in CO2 emissions; this goal can be achieved by achieving a balance between anthropogenic emissions and their absorption, for example, at the expense of forests and other ecosystems. According to the Government-approved Low-Carbon Development Strategy, Russia should reduce emissions by 60% by 2050. Further implementation of this scenario will allow achieving carbon neutrality by 2060.
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