Russia: predicted rise in electricity prices

Electricity in Russia can take off in price by 26 percent by 2050 due to an energy transfer. The Ministry of Economic Development prepared the final version of the country’s low carbon development strategy, writes Forbes.

“The forced powerover – for some economies turns into such tangible costs, which, as I think, did not expect everyone,” said Maxim Reshetnikov, Minister of Economic Development. The strategy describes two scenarios – inertial if the authorities will not take any special measures, and intensive, taking into account active actions on decarbonization.

At the first time, Russia will reduce net emissions (taking into account the absorption of the CO2 forest) by 460 million tons of the CO2 equivalent, during the second – by 1.57 billion tons. By 2050, the ministry predicts a reduction in carbon intensity in six times at in an intense scenario, and in the second case – one and a half times

GDP growth will be 195 trillion rubles in the inertial scenario (plus 83 percent) and 264 trillion rubles (by 147 percent) in intensive. The cost of electricity during the inertial scenario does not change, and with intensive grown by 2030 by four percent, by 2050 – by 26 percent. The pace of disposable monetary incomes of the population with an intense scenario will grow faster than with inertial.

/Media reports.