Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia

The relevance of the research topic is determined by the need to respond to increased climate risks, which makes countries develop climate policies that can effectively meet sustainable development challenges and protect national economic interests. The transformation of climate policy causes the ne...

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Autores principales:	Igor A. Yakovlev, Lyudmila S. Kabir, Svetlana I. Nikulina
Formato:	article
Lenguaje:	EN RU
Publicado:	Financial Research Institute 2021
Materias:	climate finance low-carbon economy paris agreement european green deal low-carbon development strategy climate finance instruments Finance HG1-9999
Acceso en línea:	https://doaj.org/article/4d0511d2d5c14631bf00581de4293524
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id	oai:doaj.org-article:4d0511d2d5c14631bf00581de4293524
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spelling	oai:doaj.org-article:4d0511d2d5c14631bf00581de42935242021-11-04T13:17:27ZChanges in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia10.31107/2075-1990-2021-5-11-282075-19902658-5332https://doaj.org/article/4d0511d2d5c14631bf00581de42935242021-10-01T00:00:00Zhttps://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/5/statii/01_5_2021_v13.pdfhttps://doaj.org/toc/2075-1990https://doaj.org/toc/2658-5332The relevance of the research topic is determined by the need to respond to increased climate risks, which makes countries develop climate policies that can effectively meet sustainable development challenges and protect national economic interests. The transformation of climate policy causes the need to shift capital flows from “brown” economy sectors to “green” ones and integrate environmental factors into the process of making financial and investment decisions. At present, the EU is actively developing a climate finance system which will have an impact on the Russian economy. The article is aimed at outlining the changes in climate policies and financial strategies in the EU and Russia, influenced by the global climate agenda. It analyses the volumes and sources of climate finance mobilized by the EU, as well as regional support instruments in the transition period. The article determines the current changes in the Russian Federation’s climate policy. As a result of the research, the authors have come to the following conclusions. The EU is a vivid example of the fact that countries have long moved from climate change debates to the implementation of specific measures. The Russian Federation lags far behind the EU in terms of both mobilizing financial resources to ensure the transition to a low-carbon economy, and developing proven emission control instruments which help to stimulate the reduction of greenhouse gas emissions and fulfill the obligations under the Paris Agreement.Igor A. YakovlevLyudmila S. KabirSvetlana I. NikulinaFinancial Research Institutearticleclimate financelow-carbon economyparis agreementeuropean green deallow-carbon development strategyclimate finance instrumentsFinanceHG1-9999ENRUФинансовый журнал, Vol 13, Iss No. 5, Pp 11-28 (2021)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	climate finance low-carbon economy paris agreement european green deal low-carbon development strategy climate finance instruments Finance HG1-9999
spellingShingle	climate finance low-carbon economy paris agreement european green deal low-carbon development strategy climate finance instruments Finance HG1-9999 Igor A. Yakovlev Lyudmila S. Kabir Svetlana I. Nikulina Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
description	The relevance of the research topic is determined by the need to respond to increased climate risks, which makes countries develop climate policies that can effectively meet sustainable development challenges and protect national economic interests. The transformation of climate policy causes the need to shift capital flows from “brown” economy sectors to “green” ones and integrate environmental factors into the process of making financial and investment decisions. At present, the EU is actively developing a climate finance system which will have an impact on the Russian economy. The article is aimed at outlining the changes in climate policies and financial strategies in the EU and Russia, influenced by the global climate agenda. It analyses the volumes and sources of climate finance mobilized by the EU, as well as regional support instruments in the transition period. The article determines the current changes in the Russian Federation’s climate policy. As a result of the research, the authors have come to the following conclusions. The EU is a vivid example of the fact that countries have long moved from climate change debates to the implementation of specific measures. The Russian Federation lags far behind the EU in terms of both mobilizing financial resources to ensure the transition to a low-carbon economy, and developing proven emission control instruments which help to stimulate the reduction of greenhouse gas emissions and fulfill the obligations under the Paris Agreement.
format	article
author	Igor A. Yakovlev Lyudmila S. Kabir Svetlana I. Nikulina
author_facet	Igor A. Yakovlev Lyudmila S. Kabir Svetlana I. Nikulina
author_sort	Igor A. Yakovlev
title	Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
title_short	Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
title_full	Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
title_fullStr	Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
title_full_unstemmed	Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia
title_sort	changes in climate policies and financial strategies of their implementation in the eu and russia
publisher	Financial Research Institute
publishDate	2021
url	https://doaj.org/article/4d0511d2d5c14631bf00581de4293524
work_keys_str_mv	AT igorayakovlev changesinclimatepoliciesandfinancialstrategiesoftheirimplementationintheeuandrussia AT lyudmilaskabir changesinclimatepoliciesandfinancialstrategiesoftheirimplementationintheeuandrussia AT svetlanainikulina changesinclimatepoliciesandfinancialstrategiesoftheirimplementationintheeuandrussia
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Changes in Climate Policies and Financial Strategies of Their Implementation in the EU and Russia

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