The Kremlin Shrugs At Climate Change
Bloomberg Businessweek|December 09, 2019
Russia continues to embrace fossil fuels despite growing concerns about global warming
Natasha Doff
The Kremlin Shrugs At Climate Change

When coordinated climate demonstrations swept the globe on Sept. 20, 300,000 people rallied at City Hall in New York, 270,000 gathered outside Berlin’s Reichstag, and 90,000 thronged downtown Sydney. In Moscow, a few dozen students assembled with cardboard placards around a statue of Pushkin a mile from Red Square. While the movement got blanket coverage in many countries, in Russia it went largely unnoticed in the press and on social media. “People here don’t understand the gravity of the situation,” says Arshak Makichyan, a 25-year-old violinist who helped organize the protest in Moscow.

Public apathy about climate change mirrors indifference in the Kremlin, where the interests of the energy sector are paramount—the oil and gas industries employ more than a half-million people, and almost 50% of government revenue comes from taxes on carbon fuels. Rather than embrace cleaner energy, Russia is introducing bigger tax breaks for oil exploration and boosting coal production. For President Vladimir Putin, the best low-carbon alternative is nuclear power—provided by Russia’s state-controlled Rosatom Corp.—a technology he pitched at an October meeting with African leaders in the Black Sea resort of Sochi.

The slow pace of Russia’s shift away from carbon is increasingly risky as the European Union, the biggest buyer of the country’s oil and gas, prepare a plan to reduce net emissions to zero by 2050. A key proposal is a carbon tax on energy imports into the EU, which the Center for Environmental Investments, a Russian research house, says could cut Russia’s energy exports by a third in the coming decade.

This story is from the December 09, 2019 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the December 09, 2019 edition of Bloomberg Businessweek.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BLOOMBERG BUSINESSWEEKView All
Instagram's Founders Say It's Time for a New Social App
Bloomberg Businessweek US

Instagram's Founders Say It's Time for a New Social App

The rise of AI and the fall of Twitter could create opportunities for upstarts

time-read
4 mins  |
March 13, 2023
Running in Circles
Bloomberg Businessweek US

Running in Circles

A subscription running shoe program aims to fight footwear waste

time-read
3 mins  |
March 20 - 27, 2023
What I Learned Working at a Hawaiien Mega-Resort
Bloomberg Businessweek US

What I Learned Working at a Hawaiien Mega-Resort

Nine wild secrets from the staff at Turtle Bay, who have to manage everyone from haughty honeymooners to go-go-dancing golfers.

time-read
10 mins  |
March 20 - 27, 2023
How Noma Will Blossom In Kyoto
Bloomberg Businessweek US

How Noma Will Blossom In Kyoto

The best restaurant in the world just began its second pop-up in Japan. Here's what's cooking

time-read
3 mins  |
March 20 - 27, 2023
The Last-Mover Problem
Bloomberg Businessweek US

The Last-Mover Problem

A startup called Sennder is trying to bring an extremely tech-resistant industry into the age of apps

time-read
10+ mins  |
March 20 - 27, 2023
Tick Tock, TikTok
Bloomberg Businessweek US

Tick Tock, TikTok

The US thinks the Chinese-owned social media app is a major national security risk. TikTok is running out of ways to avoid a ban

time-read
10+ mins  |
March 20 - 27, 2023
Cleaner Clothing Dye, Made From Bacteria
Bloomberg Businessweek US

Cleaner Clothing Dye, Made From Bacteria

A UK company produces colors with less water than conventional methods and no toxic chemicals

time-read
3 mins  |
March 20 - 27, 2023
Pumping Heat in Hamburg
Bloomberg Businessweek US

Pumping Heat in Hamburg

The German port city plans to store hot water underground and bring it up to heat homes in the winter

time-read
3 mins  |
March 20 - 27, 2023
Sustainability: Calamari's Climate Edge
Bloomberg Businessweek US

Sustainability: Calamari's Climate Edge

Squid's ability to flourish in warmer waters makes it fitting for a diet for the changing environment

time-read
4 mins  |
March 20 - 27, 2023
New Money, New Problems
Bloomberg Businessweek US

New Money, New Problems

In Naples, an influx of wealthy is displacing out-of-towners lower-income workers

time-read
4 mins  |
March 20 - 27, 2023