How Green Is Russia? Russia’s Energy Crisis
Tony Wood, 6 October 2022
The world’s fourth largest greenhouse gas emitter, Russia has greater combined oil and gas reserves than Saudi Arabia and will continue to profit from rising oil prices for several more years. But as the world shifts to alternative energy sources – Thane Gustafson in Klimat projects a peak in global demand for fossil fuels around 2030, followed by a swift decline – its hydrocarbon revenues will dwindle. What’s more, Russia is more vulnerable than most to the environmental impacts of climate change. As Gustafson puts it, ‘Russia is already one of the chief causes of climate change; but as time goes on, it will also be one of its chief victims.’