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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ftdoajarticles:oai:doaj.org/article:e51982f37dd04a578244860cab102d28 2023-05-15T14:47:09+02:00 Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) Svetlana Badina Alexey Pankratov 2022-04-01T00:00:00Z https://doi.org/10.3390/en15082849 https://doaj.org/article/e51982f37dd04a578244860cab102d28 EN eng MDPI AG https://www.mdpi.com/1996-1073/15/8/2849 https://doaj.org/toc/1996-1073 doi:10.3390/en15082849 1996-1073 https://doaj.org/article/e51982f37dd04a578244860cab102d28 Energies, Vol 15, Iss 2849, p 2849 (2022) climate change Russian Arctic economic effects climatic costs climatic dividends Technology T article 2022 ftdoajarticles https://doi.org/10.3390/en15082849 2022-12-30T20:34:35Z 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. Article in Journal/Newspaper Arctic Climate change Directory of Open Access Journals: DOAJ Articles Arctic Energies 15 8 2849 |
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Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
climate change Russian Arctic economic effects climatic costs climatic dividends Technology T |
spellingShingle |
climate change Russian Arctic economic effects climatic costs climatic dividends Technology T Svetlana Badina Alexey Pankratov Assessment of the Impacts of Climate Change on the Russian Arctic Economy (including the Energy Industry) |
topic_facet |
climate change Russian Arctic economic effects climatic costs climatic dividends Technology T |
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. |
format |
Article in Journal/Newspaper |
author |
Svetlana Badina Alexey Pankratov |
author_facet |
Svetlana Badina Alexey Pankratov |
author_sort |
Svetlana Badina |
title |
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_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_sort |
assessment of the impacts of climate change on the russian arctic economy (including the energy industry) |
publisher |
MDPI AG |
publishDate |
2022 |
url |
https://doi.org/10.3390/en15082849 https://doaj.org/article/e51982f37dd04a578244860cab102d28 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic Climate change |
genre_facet |
Arctic Climate change |
op_source |
Energies, Vol 15, Iss 2849, p 2849 (2022) |
op_relation |
https://www.mdpi.com/1996-1073/15/8/2849 https://doaj.org/toc/1996-1073 doi:10.3390/en15082849 1996-1073 https://doaj.org/article/e51982f37dd04a578244860cab102d28 |
op_doi |
https://doi.org/10.3390/en15082849 |
container_title |
Energies |
container_volume |
15 |
container_issue |
8 |
container_start_page |
2849 |
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1766318280576860160 |