Decarbonize and diversify
Today, Russia’s economy depends heavily upon its abundant fossil fuel resources. Russia is one of the world’s largest exporters of fossil fuels, and a number of its key exporting industries — including metals, chemicals, and fertilizers — draw on fossil resources. The nation also consumes fossil fuels at a relatively high rate; it’s the world’s fourth-largest emitter of carbon dioxide. As the world shifts away from fossil fuel production and consumption and toward low-carbon development aligned with the near-...