The impacts of climate change and associated risks on th e economy and financial system have increasingly been the focus of governments and financial sector regulators around the globe. Climate change-related physical damages and economic losses could affect the stability of the financial system.
This report, Russia Green Finance: Unlocking opportunities for green investments, presents the challenges, opportunities and possible avenues for mobilizing finances for greening the Russian economy. It aims to identify institutional and market barriers to green finance in Russia as well as areas for augmenting the capacity of the financial system to mobilize capital for green investment. It touches upon the extent to which these investments could support the implementation of Russia’s commitments to protect the environment and address climate change.
It contributes to Russia's policy discourse in two-fold: First, it provides insights into how Russia would benefit from greening its economy; in that context it also addresses the prerequisites and possible choices of potential policy and financial instruments. Second, it adds to Russia’s ongoing discussion about the role of the financial sector in mobilizing green finance.