♻️💸 The green economy may serve as a spring-board to modernization just as in the past this role has been played by manufacturing.

The multiplier effect coming from developing the foundations of the green economy surpasses mere inter-sectoral effects and encompasses factors such as greater capability of countries to forge ahead with integration into the global economy, writes Valdai Club Programme Director Yaroslav Lissovolik. 

https://valdaiclub.com/a/highlights/green-transformation-as-an-economic-policy-tool/

#Corporations_and_Economy #GreenEconomy

@valdai_club — The Valdai Discussion Club

🌳🏦 In a post-industrial society, industrial development has ceased to be a determining factor. The digital economy and the service economy take first place. Much attention is paid to the impact of the economy on society and the environment.

An economy that aims to achieve sustainable development goals is called “green”. A green economy is based on renewable energy sources, “green hydrogen” and environmentally friendly transport. You can find out what benefits and challenges the green economy can bring to humanity in our infographic.

Session 4 “The Environment: Russia’s Response to a Common Challenge” of the 18th Annual Meeting of the Valdai Discussion Club will be dedicated to the principles and guidelines of the Russian climate policy. It will take place on the third day of the Conference and will be held under the Chatham House Rule. An analytical note following the day’s discussions will be available on our website.

#VALDAI2021 #greeneconomy #gogreen #ecology #climatechange

@valdai_club

🏭♻️ The energy transition is likely to have significant geopolitical consequences. It will cause a shift of power away from fossil fuel producers.

Moreover, the new geopolitics of energy will be increasingly determined by issues such as access to green technologies, rare earth materials, power lines and storage capacity. International cooperation, including between the EU and Russia, can lead to mutually advantageous outcomes and help tackle the climate crisis, writes Marco Siddi, Montalcini Assistant Professor, University of Cagliari and Associate Senior Research Fellow, Finnish Institute of International Affairs, participant at the 18th Annual Meeting of the Valdai Discussion Club.

👉 Session 4 “The Environment: Russia’s Response to a Common Challenge” of Meeting will be dedicated to the principles and guidelines of the Russian climate policy. It will take place on the third day of the Conference and will be held under the Chatham House Rule. An analytical note following the day’s discussions will be available on our website.

https://valdaiclub.com/a/highlights/the-geopolitics-of-the-energy-transition/

#VALDAI2021 #Corporations_and_Economy #greeneconomy #climatechange

@valdai_club — The Valdai Discussion Club

👋 Dear friends! Today is the third day of the 18th Annual Meeting of the Valdai Club, titled “Global Shake-Up in the 21st Century: The Individual, Values, and the State”.

📆 October 20, Wednesday — Programme

All today's sessions will be held under the Chatham House Rule. An analytical note following the day’s discussions will be available on our website.

10:00–11:30 — Session 4. The Environment: Russia’s Response to a Common Challenge

The climate has become a leitmotif of world politics, and Russia is no exception. The country is actively discussing how Russia will participate in global efforts to counter climate change. Another thing is also clear – these efforts are widespread, but not universal. Each state or groups of states will try to use the environmental and climatic topic in the interests of restructuring their own economy and maintaining competitiveness. But this does not negate the global nature of the challenge and the interest in solving it for all countries without exception. The session is dedicated to the principles and guidelines of the Russian climate policy.

12:00–13:30 — Meeting with the Mayor of Moscow Sergey Sobyanin

15:00–16:30 — Session 5. What to Fight for? Intellect as the Prime Object of Competition in the 21st Century

What is the main asset in the 21st century that is being fought for? At different times, these were territories, mineral deposits, labour force, transport routes, sometimes even ideological orientations. Now there is a battle for technological primacy, which means intellect, information and the ability to innovate in the broadest sense: from socio-cultural to military. What is the content of this truly "hybrid", nonlinear competition?

17:00–18:30 — Session 6. Russia and the World: The National Idea in a Global Context

The world is undergoing a socio-cultural transformation. The time of universal ideologies is over, while cultural and ethical pluralism in the international arena is a reality. A purely economic approach, when profit is the criterion of success, does not work. Technology raises thorny questions about human existence. Within the Western world, value-based approaches are becoming more radical, if not revolutionary. China is systematically promoting its culture. In Russia, a discussion is unfolding about the philosophy of development of the country and the world, here it is customary to call it the national idea. How does Russia see the processes of ideological transformation of the world? How does it compare to our values? And what contribution is the country ready to make to world progress?

19:30–21:00 — Special Session. Thirty Years of a New Eurasia – Results and Prospects

Thirty years after the USSR collapse, the countries that emerged on its ruins mark this anniversary in different ways. One thing unites them: everyone is entering a new stage of development. A radical change in the international context, changes in the structure of societies, a change in political generations ... On the one hand, Eurasia is no longer a single "Post-Soviet Space"; different countries and regions have their own paths. On the other hand, it is precisely this circumstance that clearly emphasized how active interaction is necessary for countries and regions to solve problems - not general ones, but those of their own.

#VALDAI2021 #Eurasia #greeneconomy #climatechange

https://valdaiclub.com/events/posts/articles/programme-of-the-18th-annual-meeting/

@valdai_club — The Valdai Discussion Club

♻️🇷🇺 The green agenda is gaining momentum in the world, and Russia cannot stand aside.

In 2018, national projects were adopted. Among them, the flagship can be considered the Ecology national project. You can find out what other steps Russia has taken to protect the environment at the national and international level in our infographic.

👉 Session 4 “The Environment: Russia’s Response to a Common Challenge” of the 18th Annual Meeting of the Valdai Club was dedicated to the principles and guidelines of the Russian climate policy. It was held under the Chatham House Rule. An analytical note following the day’s discussions will be available on our website.

#VALDAI2021 #greeneconomy #climatechange

@valdai_club — The Valdai Discussion Club

🌳🌐 While environmental social and governance criteria remain context dependent and cannot be universally applied, it is key to balance these factors with real world market realities through a technology agnostic approach, writes Valdai Club expert Christof Van Agt.

🔗 Real World Change on Climate Will Rely on Free Markets, Dialogue, and Solidarity

#climatechange #greeneconomy #VALDAI2021

📷 ©Reuters

@valdai_club — The Valdai Discussion Club

💸🌱 Financial actors could play a key role in supporting and fostering a shift towards a low-carbon economy.

In this context, central banks could have a primary function in both tackling climate-related risks and the ones related to the transition and, potentially, proactively redirecting resources towards green initiatives.

Central banks are indeed exploring how different types of climate-related risks and considerations could be incorporated into their activities. However, this effort is proceeding at a different speed and with a different geometry across the globe.

The book aims at shedding light on how central banks and international financial institutions are currently addressing climate change worldwide, with a focus on central banks in the European Union, the United States, Asia, Africa and Latin America, and on the potential role of the International Monetary Fund, sovereign national funds and ESG (Environment, Social and Governance) standards.

📑 Following up on the Valdai Club’s cooperation with Istituto Affari Internazionali as part of T20 Italy 2021, the Club’s Programme Director Yaroslav Lissovolik has contributed to IAI’s study dedicated to the role of central banks in addressing climate change.

Yaroslav Lissovolik’s chapter explores whether sovereign wealth funds could help in fostering investment in greener instruments. 

🔗 Green Investments From Sovereign Wealth Funds: The Case of Russia

#Valdai_WorldEconomy #greeneconomy

@valdai_club — The Valdai Discussion Club