Russia predicted rise in price of electricity due to emissions

In Russia, by 2050, electricity will rise in price due to the fight against carbon emissions by 28 percent, the analysts “VTB-Capital” are predicted. It is reported by RBC with reference to the relevant report.

According to the forecast, the reduction in emissions by 2050 by 60 percent of 2019 will require 102.7 trillion rubles. However, they warn, decarbonization will lead to the increase in prices for products within Russia for end users. The highest growth is 28 percent – will show the increase in the cost of electricity, which will be necessary to cover the investment.

At the same time, analysts note, such an assessment in general corresponds to the Strategy of the Ministry of Economic Development, which assumes the allocation of 88.8 trillion emissions to reduce emissions.

As noted by the Managing Director of the Rating Service of NRA Sergei Grishunin, it is impossible to say that decarbonization as a whole will lead to a slowdown in economic growth. He explained that the production of the necessary equipment will give additional incentives for the development of the economy, and investing in such projects with due support of the state may lead to a decrease in tax burden on enterprises engaged in modernization.

According to Forbes, electricity in Russia can rise in price by 26 percent by 2050 due to the energy transfer. At the same time, the Ministry of Economic Development prepared the final version of the country’s low carbon development strategy. According to the head of the departments, Maxima Reshetnikova, the forced energy recorder for some economies turns into such tangible costs, which, in his opinion, did not expect everyone.

In the agency’s strategy, two scenarios are described – inertial if the authorities do not take any special measures, and intensive, taking into account active actions on decarbonization. In the first case, Russia will reduce net emissions (taking into account the absorption by the Forest CO2) by 460 million tons of equivalent CO2, with a second – by 1.57 billion tons.

/Media reports.