VTB Deputy Chairman called the climatic challenge the main one for the Russian economy , but the country needs to respond to three main challenges, said in a column for RBC the first deputy president and chairman of the VTB board, Yuri Solovyov.
The first opportunity lies in the climatic area, he is sure. “Today [it is necessary] to correctly use this growing wave of climatic and technological transformation for the benefit of citizens, business and the state as a whole,” Solovyov believes. The market for voluntary carbon credits could be $ 300 billion by 2030 and a trillion dollars by 2050. Russia has a chance to become a noticeable player in this market, added the deputy chairman of VTB.
He also named the second challenge, which lies in the area of the raw materials and energy market. The green transition gives Russia an opportunity to conquer new niches in the global economy, Soloviev emphasized. Positioning the country as a hub for the production of environmental goods could attract new technologies and create high-tech jobs, he said.
The third area is digital transformation. A green transition can free up significant volumes of the workforce. Soloviev took the example of a modern Russian gas turbine, which requires 20-30 times less personnel to maintain than the previous technology.
Earlier, the government approved a strategy for Russia's socio-economic development while reducing greenhouse gas emissions until 2050.