solar
In Icy Russia, Interest in Solar Power Is Growing
As the Kremlin wakes up to the global climate emergency, renewable projects are drawing attention
Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, industry experts told The Moscow Times.
Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the Kremlin has started to pay attention to the global climate emergency, and ahead of this week’s pivotal COP26 climate summit in Glasgow, President Vladimir Putin pledged that Russia would achieve carbon neutrality by 2060.
The second stage of a trillion-ruble ($14.2 billion) support program for renewable sources of energy started in September with the allocation of benefits for projects due to come online in 2025-2035, many of them in the solar industry.
As the Kremlin wakes up to the global climate emergency, renewable projects are drawing attention
Solar energy in Russia might be on the verge of a major expansion, thanks to a government support program for renewable energy sources, industry experts told The Moscow Times.
Russia, the world’s fourth-largest emitter of greenhouse gases, has historically relied on its vast oil and gas reserves to bolster its economy. But the Kremlin has started to pay attention to the global climate emergency, and ahead of this week’s pivotal COP26 climate summit in Glasgow, President Vladimir Putin pledged that Russia would achieve carbon neutrality by 2060.
The second stage of a trillion-ruble ($14.2 billion) support program for renewable sources of energy started in September with the allocation of benefits for projects due to come online in 2025-2035, many of them in the solar industry.
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