Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry)
Ongoing climate change most pronounces itself in northern latitudes, including in the Arctic zone of the Russian Federation (AZRF). Climate change is a complex multidirectional process that is characterized by both positive and negative effects on the functioning of territorial economic systems. In...
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| Format: | Article |
| Language: | English |
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MDPI AG
2022-04-01
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| Series: | Energies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/1996-1073/15/8/2849 |
| _version_ | 1797434805477965824 |
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| author | Svetlana Badina Alexey Pankratov |
| author_facet | Svetlana Badina Alexey Pankratov |
| author_sort | Svetlana Badina |
| collection | DOAJ |
| description | Ongoing climate change most pronounces itself in northern latitudes, including in the Arctic zone of the Russian Federation (AZRF). Climate change is a complex multidirectional process that is characterized by both positive and negative effects on the functioning of territorial economic systems. In this regard, an analysis of the impacts of climate change on economic development is a particularly urgent scientific and practical task that requires comprehensive study. This research was devoted to assessing the probable impacts of climate transformations on the parameters of the economic development of the AZRF regions. The authors created a methodological approach to the assessment of the costs of the effects of climate change for the economy of the AZRF regions, taking into account the average predicted dynamics of surface air temperature and key regional economic specializations, as well as the degree of susceptibility of various industries to the climate change. The energy industry was considered in particular detail since it is the basis for all of the other industries and is the guarantor of life support for the populations that live in the extreme Arctic climate. Calculations have shown that the accumulated economic effects of climate change as a whole for the AZRF economy during the period 2020–2050 will be negative and have been estimated as having a cost of more than RUB 8 trillion (or nearly USD 111 billion in 2020 prices), which would be about 3% of total Russian Arctic GRP in average annual terms. |
| first_indexed | 2024-03-09T10:39:08Z |
| format | Article |
| id | doaj.art-e51982f37dd04a578244860cab102d28 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-09T10:39:08Z |
| publishDate | 2022-04-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-e51982f37dd04a578244860cab102d282023-12-01T20:49:06ZengMDPI AGEnergies1996-10732022-04-01158284910.3390/en15082849Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry)Svetlana Badina0Alexey Pankratov1Faculty of Geography, Lomonosov Moscow State University, GSP-1, Leninskie Gory, 1, 119991 Moscow, RussiaFaculty of Economics, Lomonosov Moscow State University, GSP-1, Leninskiye Gory, 1-46, 119991 Moscow, RussiaOngoing climate change most pronounces itself in northern latitudes, including in the Arctic zone of the Russian Federation (AZRF). Climate change is a complex multidirectional process that is characterized by both positive and negative effects on the functioning of territorial economic systems. In this regard, an analysis of the impacts of climate change on economic development is a particularly urgent scientific and practical task that requires comprehensive study. This research was devoted to assessing the probable impacts of climate transformations on the parameters of the economic development of the AZRF regions. The authors created a methodological approach to the assessment of the costs of the effects of climate change for the economy of the AZRF regions, taking into account the average predicted dynamics of surface air temperature and key regional economic specializations, as well as the degree of susceptibility of various industries to the climate change. The energy industry was considered in particular detail since it is the basis for all of the other industries and is the guarantor of life support for the populations that live in the extreme Arctic climate. Calculations have shown that the accumulated economic effects of climate change as a whole for the AZRF economy during the period 2020–2050 will be negative and have been estimated as having a cost of more than RUB 8 trillion (or nearly USD 111 billion in 2020 prices), which would be about 3% of total Russian Arctic GRP in average annual terms.https://www.mdpi.com/1996-1073/15/8/2849climate changeRussian Arcticeconomic effectsclimatic costsclimatic dividends |
| spellingShingle | Svetlana Badina Alexey Pankratov Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) Energies climate change Russian Arctic economic effects climatic costs climatic dividends |
| title | Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
| title_full | Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
| title_fullStr | Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
| title_full_unstemmed | Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
| title_short | Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
| title_sort | assessment of the impacts of climate change on the russian arctic economy including the energy industry |
| topic | climate change Russian Arctic economic effects climatic costs climatic dividends |
| url | https://www.mdpi.com/1996-1073/15/8/2849 |
| work_keys_str_mv | AT svetlanabadina assessmentoftheimpactsofclimatechangeontherussianarcticeconomyincludingtheenergyindustry AT alexeypankratov assessmentoftheimpactsofclimatechangeontherussianarcticeconomyincludingtheenergyindustry |