Between economy and ecology: The Gorchakov Fund hosted an expert meeting on the green global agenda

"An ecological track is present in any area of multilateral cooperation, and like in any other area there is competition. The G20 and other big events are expected to take place before the end of 2021, and the climate agenda will not be the last item on the discussion list. Also, a resolution on Article 6 of the Paris Agreement is expected to be passed, which will allow creating carbon markets. Countries understand how much those issues affect their economy and for that reason take them seriously", stated Anton Tsvetov, Deputy Director of Multilateral Economic Cooperation and Special Projects Department at the Ministry of Economic Development of Russia during online discussion "Green track" of international development: A sphere of cooperation or a competitive tool?" hosted by the Gorchakov Fund.

International experts on climate change attended the event. The meeting agenda included issues of green economy, potential sanctions and "indulgences" in that area, Russia's contribution into global regulation of green cooperation and prospects of multilateral cooperation in that field. Anastasia Likhacheva, Deputy Dean for Research at the Faculty of World Economy and International Affairs, Director of the Center for Comprehensive European and International Studies at HSE University, served as a moderator the discussion.

Liao Xianchun, Professor at Research Institute of Green Development of Jinan University, listed main ecological priorities of China and mentioned "greening" of the concept "One Belt, One Road":

"China is facing an ambitious goal of significantly decreasing carbon emissions by 2030 and completely transferring to carbon-free economy by 2060. Opportunities for cooperation between Russia and China are very good: they include construction of the East-Route gas pipeline, biofuel power plants and development of LNG production, which is used in China for heating during winter months".

Anton TsvetovDeputy Director of Multilateral Economic Cooperation and Special Projects Department at the Ministry of Economic Development of Russia, assessed importance of the climate agenda for Russia:

"There is progress towards problems of climate change in all international tracks and it is becoming a cross-сutting theme in all areas. The current way of developing the climate agenda will define an outline of the global economy and development of the countries in the nearest decades. It is important for any country, including Russia, to know its place in the developing green economy. A major part of problems of the current climate situation is a result of how much the world economy has grown and the resolution of those problems is in the economic area".

"Russia is behind its European colleagues in developing the green economy", believes Ernesto FerlenghiChairman of the Energy Committee and the Green Initiative Steering Group at Association of European Businesses (AEB). The expert emphasized importance of financing that area: thus, the EU provides $70 billion in subsidies for implementation of renewable energy resources (RES) while such subsidies are absent in Russia, which raises the risks and prevents from moving forward".

"Investments, an appropriate new industrial policy, stable economic sectors like agriculture and energy industry, implementation of ecological and social management according to the ESG standards are required for successful launch of the green economy in Russia. However, above all, motivation and support from the state are needed", added Ernesto Ferlenghi.

A recording of the event is available to watch online on the YouTube channel of the Gorchakov Fund in Russian and English.