Effective Action Strategy to Cope with Climate Change and Its Impact on Russia’s Economy

Abstract

In continuation of the topic of choosing an effective strategy on coping with climate change and its impact (see [1]), this paper considers the strategy above within the framework of the conditions, imperatives, and prospects of the socio-economic development of modern Russia. It is substantiated that this strategy should imply the implementation of interrelated sets of institutional, economic, and technological measures that prioritize (1) boost of economic growth through improving production efficiency using the best available resource management technologies; (2) reduction of the hazardous impact of economic activity on the environment and the communities (primarily, cutting emissions of toxic and hazardous pollutants, including those containing carbon, into the air); (3) communities’ and ecosystems’ adaptation and protection against such an impact and its consequences, including climate change; (4) alleviation of accumulated effects and reduction of current and future technological impact on climate forcing environmental factors.