Meeting of RANEPA International Advisory Board
On January 11, the day before the eighth Gaidar Forum, the International Advisory Board of the Russian Presidential Academy of National Economy and Public Administration (RANEPA) met for a routine conference. Respected speakers who comprise the core of the forum expert pool identified the general vectors of their work and the agenda for the upcoming economic conference.
The participants included RANEPA Rector Vladimir Mau; Unilever CEO Paul Polman; Senior Vice President of the Coca Cola Company Clyde Tuggle; former World Bank Lead Economist (1991-2013) Branko Milanovic; Chairman of J.P.Morgan Chase International and former head of the Bank of Israel (1991-2000) Jacob Frenkel; RANEPA Vice Rector, Director of the Institute of Business Studies Sergei Myasoyedov; Scientific Director of the Gaidar Institute for Economic Policy Sergei Drobyshevsky; Senior Vice President and Chief Officer for Europe, the Middle East and Africa (EMEA) for AACSB International Tim Mescon; President of AMBA International Sir Paul Judge; and Secretary General of the International Association of Universities (IAU) Eva Egron-Polak.
During the meeting, Research Advisor of RANEPA Center for Economic Modeling of Energy and Environment Oleg Lugovoi presented Russia’s project to reduce carbon emissions by 2050 prepared by RANEPA academics.
The historical processes of the 1990s, significantly worsened the country's energy efficiency. It took time before Russia could reverse the downward trend and reach the pre-crisis level.
Mr. Lugovoi is certain that “it rests on three pillars:” our achievements in energy efficiency; wind, solar, hydro, geothermal power generation and other alternative energy sources; and biofuels. He presented a schedule based on forecasts, showing how these policies would propel Russia's economy to the necessary level of decarbonization by 2030 and zero net emissions by 2050.
So far, the Russian market has not been interested in investing in energy efficiency, because the economic situation is unstable. The most difficult part of this project is to implement the large-scale plans without spending massive amounts of money on their implementation. However, while estimating project costs, we should bear in mind that uncontrolled climate change will cost us much more.
The project will enhance the diversification of the economy, which implies an increase in the demand for research and development, human capital, the need for highly skilled labor, climate stabilization, giving Russia a firmer foothold on the global stage, the expert said.
It is important that Russia has announced its readiness to embark on decarbonization and avoid a climate-related catastrophe, which is sure to happen if we do not take steps in advance, Mr. Lugovoi concluded.
Organizers of the Gaidar Forum: “The Russian Presidential Academy of National Economy and Public Administration” (RANEPA), The Gaidar Institute for Economic Policy (Gaidar Institute) and the Association of Innovative Regions of Russia (AIRR).
General partner: Gazprom. Financial partner: Otkritie Bank. Strategic partners: Gazprombank, Unilever, ACIG Group of Companies, Johnson&Johnson, Novartis Group in Russia, Masterсard, Yegor Gaidar Foundation, MSD. Official partners: Microsoft, RVC. Partners: EY, Cotton Way, The Russian Brewers' Union, Tomsk region. Insurance partner: Rosgosstrakh.
General media partners: Russia 24, PH "Kommersant". General Internet Media: Gazeta.ru. General radio partner – Business FM. Strategic media partners: TASS, RT, RIA Novosti. Main media partners: Interfax Information Services Group, Prime Business News Agency CJSC.
Media partners: "Rossiyskaya Gazeta", Izvestia, Rambler News Service, Snob, The Moscow Times,Xinhua News Agency, PR Newswire, Agencia EFE, Radio "Echo of Moscow", Thomson Reuters, The Finmarket Information Agency, Polit.ru, BRICS Business Magazine, AK&M, Ekonomika I Zhizn’, China Radio International, FederalPress, The National Banking Journal, The magazine "Region of development", "Banking", RAEX (Expert RA), "STRANA", Phoenix Satellite Television, The magazine "Moscow – Beijing. Two Countries – One Thing", RIA Standards & Quality, Business Excellence, Strategy Journal, Gosudarstvennaya Sluzba, Viable Healthcare, Bank Review, Financial One, Magazine "Banking", RAI - Italian Radio television.