National Climate Policy: Conceptual Framework and Adaptation Problems
DOI:
https://doi.org/10.17059/ekon.reg.2021-4-6Keywords:
national and regional climate policy, digitalisation, information asymmetry, climatic risks, organisational and economic mechanism, green innovation, financial instruments, monitoring, decoupling, climatic capacity, energy intensity, climate securityAbstract
Global climate change threatens the continued existence of mankind. The rate of warming in Russia, which is 2.5 times higher than the rate of growth of the global average temperature, can lead to huge environmental and financial losses. Thus, it is increasingly necessary to modernise and develop methods and tools for adaptive regulation of national climate policy to increase its efficiency at the regional and federal levels. To this end, the methods of content analysis, grouping, modelling, comparative and correlation analysis, as well as an information asymmetry approach were used in the research. The paper substantiates the necessity of a transition from autarky and directionality to the integration of regions and the federation based on adaptation and preventive measures. The periodic assessment of climate change and relevant contributing factors should be replaced by the continuous management and regional monitoring of climate risks. Stressing the importance of transparency and comparability of information on climate risks, the research distinguished anthropogenic risks, risks of reducing the quality of life and moral climate risks. In order to promote climate preservation, an organisational and economic mechanism for the implementation of climate policy was developed, whose main function is the regional environmental management. Assessment of the decoupling effect and ranking of the constituent entities of the Russian Federation in terms of the relationship between energy intensity and climate intensity proved the feasibility of using the proposed indicators to increase the efficiency of the organisational and economic mechanism. Regulatory and financial support for the mechanism can be provided by introducing a quota market, green certificates and bonds, insurance and risk hedging strategies based on a scenario approach and online-management models. The research results can be used for the digitalisation of national climate policy, as well as for the development of regional and municipal climate strategies, programmes, projects.
References
Compston, H. & Bailey, I. (2016). Climate policy strength compared: China, the US, the EU, India, Russia, and Japan. Climate Policy, 16, 145–164. DOI: 10.1080/14693062.2014.991908.
Orlov, A. & Aaheim, A. (2017). Economy-wide effects of international and Russia’s climate policies. Energy Economics, 68, 466–477. DOI: 10.1016/j.eneco.2017.09.019.
Makarov I., Chen, H. & Paltsev, S. (2020). Impacts of climate change policies worldwide on the Russian economy. Climate Policy, 20, 1242–1256. DOI: 10.1080/14693062.2020.1781047.
van der Heijden, J., Luckmann, O. & Cherkasheva, A. (2020). Urban climate governance in Russia: Insights from Moscow and St. Petersburg. Journal of Urban Affairs, 42, 1047–1062. DOI: 10.1080/07352166.2019.1617036
Korppoo, A. (2020). Domestic frames on Russia’s role in international climate diplomacy. Climate Policy, 20, 109–123. DOI: 10.1080/14693062.2019.1693333.
Pielke, Jr. R. A. (1998). Rethinking the role of adaptation in climate policy. Global Environmental Change, 8, 159–170.
Dessai, S. & Hulme, M. (2004). Does climate adaptation policy need probabilities? Climate Policy, 4, 107–128.
Henstra, D., Thistlethwaite, J. & Vanhooren, S. (2020). The governance of climate change adaptation: stormwater management policy and practice. Journal of Environmental Planning and Management, 63, 1077–1096. DOI: 10.1080/09640568.2019.1634015.
Onofri, L. & Nunes, P. A. L. D. (2020). Economic valuation for policy support in the context of ecosystem-based adaptation to climate change: An indicator, integrated based approach. Heliyon, 6, 04650. DOI: 10.1016/j.heliyon.2020.e04650.
Birchall, S. J. & Bonnett, N. (2020). Climate change adaptation policy and practice: The role of agents, institutions and systems. Cities, 108, 103001. DOI: 10.1016/j.cities.2020.103001.
Yashalova, N. N., Ruban, D. A. & Vasil’tsov, V. S. (2017). Information policy in the environmental sphere as a factor in the development of the national economy. Nauchno-tekhnicheskaya informatsiya. Seriya 1: Organizatsiya i metodika informatsionnoy raboty [Scientific and technical information. Series 1: Organization and methodology of information work], 12, 1–7. (In Russ.)
Sergeeva, I. G., Chebotar, A. V. & Kharlamov, A. V. (2020). Evaluation of information technologies and systems usage for the innovative activities of organization. Izvestiya Sankt-Peterburgskogo gosudarstvennogo ekonomicheskogo universiteta, 1(121), 62–66. (In Russ.)
Akerlof, G. A. (1970). The market for lemons: Quality uncertainty and the market mechanism. Quarterly Journal of Economics, 84(3), 488–500.
Stiglitz, J. E. (2002). Information and the change in the paradigm in economics. The American Economic Review, 92, 460–501.
Balakrishnan, S. & Koza, M. P. (1993). Information asymmetry, adverse selection and joint-ventures: Theory and evidence. Journal of Economic Behavior & Organization, 20(1), 99–117.
Yakovleva, E. N. (2017). Regional policy of regulation of financial support for environmental protection in the Vologda Oblast. In: Upravlenie sotsialno-ekonomicheskim razvitiem territoriy. Operativnoe reagirovanie na tekushchie i strategicheskie vyzovy. Mat-ly nauch.-prakt. konf. Vologda, 26 dek. 2016 g [Management of socio-economic development of territories: rapid response to current and strategic challenges. Materials of the scientific and practical conference, Vologda, December 26, 2016] (pp. 248–253). Vologda: Vologda Branch of RANEPA. (In Russ.)
Gavrilieva, T. N. & Sivtseva, T. V. (2017). Risks and mechanisms of introducing a carbon tax in Russia. Ekonomika Vostoka Rossii [Economics of Russian East], 2(8), 57–63. (In Russ.)
Bergh, D., Orlandi, I., Heugens, P. P. M. A. R., Boyd, B. K. & Ketchen, D. J. (2019). Information Asymmetry in Management Research: Past Accomplishments and Future Opportunities. Journal of Management, 45(1), 122–158. DOI: 10.1177/0149206318798026.
Makarov, I. A. (2013). Global climate change as a challenge to world economy and economic science. Ekonomicheskiy zhurnal VShE [HSE Economic Journal], 3, 512–532. (In Russ.).
Dembe, A. E. & Boden, L. I. (2000). Moral Hazard: A Question of Morality? New solutions: A Journal of Environmental and Occupational Health Policy, 10(3), 257–279.
Kalner, V. D. (2018). Digital economy and ecological safety of vital activity. Ekologiya i promyshlennost Rossii [Ecology and industry of Russia], 22(1), 62–67. DOI: 10.18412/1816–0395–2018–1-62–67. (In Russ.)
Vasiltcov, V. S., Yashalova, N. N., Yakovleva, E. N. & Cherednichenko, O. A. (2019). Development of a methodology and network tools for assessment of climate risks. Drukerovskiy vestnik [Drukerovskij vestnik], 2(28), 225–248. DOI: 10.17213/2312–6469–2019–2-224–241 (In Russ.)
Yakovleva, E. N., Yashalova, N. N., Ruban, D. A. & Vasil’tsov, V. S. (2018). Methodological approaches to valuation of natural-climatic risks for the purposes of country’s sustainable development. Uchenye zapiski RGGMU [Proceedings of the Russian State Hydrometeorological University], 52, 120–137. (In Russ.)
Harchenko, S. G. & Dorohina, E. Y. (2018). Basic risks of environmental policy. Ekologiya i promyshlennost Rossii [Ecology and industry of Russia], 22(11), 51–55. DOI: 10.18412/1816–0395–2018–11–51–55. (In Russ.)
Pahomova, N. V. & Zhigalov, V. M. (2015). Contemporary system of strategic planning in energy saving and increase of energy efficacy in Russia in the context of the new climate politics. Problemy sovremennoy ekonomiki [Problems of modern economics], 3(55), 62–72. (In Russ.)
Bashmakov, I. A. (2018). What is happening with the energy intensity of Russia’s GDP? Ekologicheskiy vestnik Rossii [Environmental Bulletin of Russia], 7, 18–29. (In Russ.)
Porfiryev, B. N., Shirov, A. A., Semikashev, V. V. & Kolpakov, A. Yu. (2020). Economic risks in the context of designing the policy with low greenhouse gas emissions in Russia. Energeticheskaya politika [Energy Policy], 5(147), 92–103. DOI: 10.46920/2409–5516–2020–5147–92. (In Russ.)
Rausch, S., Metcalf, G. E. & Reilly, J. M. (2011). Distributional impacts of carbon pricing: A general equilibrium approach with micro-data for households. Energy Economics, 33(S), 20–33.
Zhang, Y. -J. Peng, Y. -L. & Ma, Ch. -Q. et al. (2017). Can environmental innovation facilitate carbon emissions reduction? Evidence from China. Energy Policy, 100, 18–28. DOI: 10.1016/j.enpol.2016.10.005.
Yashalova, N. N., Vasiltsov, V. S. & Yakovleva, E. N. (2019). A model of organizational-economic mechanism for managing climate risks in conditions of «Green» innovation-oriented economy. Vestnik Udmurtskogo universiteta [Bulletin of Udmurt University. Series Economics and Law], 29(6), 730–735. DOI: 10.35634/2412–9593–2019–29–6-730–735. (In Russ.)
Giles, A. R., Stadig, G. S., Strachan, S. M & Doucette, M. (2013). Adaptation to aquatic risks due to climate change in Pangnirtung, Nunavut. Arctic, 66(2), 207–217. DOI: 10.14430/arctic4292.
Tong, S., Confalonieri, U., Ebi, K. & Olsen, J. (2016). Managing and mitigating the health risks of climate change: calling for evidence-informed policy and action. Environmental Health Perspectives, 124(10), A176-A179. DOI: 10.1289/EHP555.
Varavin, E. V. & Kozlova, M. V. (2018). Assessment of «Green» Economy Development in Regions (on the Example of the Republic of Kazakhstan). Ekonomika regiona [Economy of Region], 14(4), 1282–1297. DOI: 10.17059/2018–4–18. DOI: 10.17059/2018–4–18. (In Russ.)
Gitelman, L. D., Dobrodey, V. V. & Kozhevnikov, M. V. (2020). Tools for Sustainable Development of Regional Energy Systems. Ekonomika regiona [Economy of region], 16(4), 1208–1223. DOI: 10.17059/ekon.reg.2020–4-14. DOI: 10.17059/ekon.reg.2020–4-14. (In Russ.)
Kirillov, S. N., Pakina, A. A. & Tul’skaya, N. I. (2017). Evaluation of development sustainability at the regional level: the case of Tatarstan Republic. Vestnik VolGU. Seriya 3. Ekonomika. Ekologiya [Journal of Volgograd State University. Economics], 19(4), 127–137. DOI: 10.15688/jvolsu3.2017.4.14. (In Russ.)
Yashalova, N. N. (2014). Analysis of the decoupling effect in ecological and economic activity of a region. Regionalnaya ekonomika: teoriya i praktika [Regional economy: theory and practice], 39, 54–61. (In Russ.)
Bobylev, S. N. & Zaharov, V. M. (2012). «Green» economy and modernization. Ecological and economic foundations of sustainable development. Na puti k ustoychivomu razvitiyu Rossii. Byulleten TSEPR [Towards a sustainable Russia], 60, 90. (In Russ.)
Yakovleva, E. N., Yashalova, N. N. & Vasil’tsov, V. S. (2020). Climate Security of the Russian Federation: Statistics, Facts, Analysis. Voprosy statistiki, 27(2), 74–84. DOI: 10.34023/2313–6383–2020–27–2-74–84 (In Russ.)
Pakhomova, N. V. & Zhigalov, V. M. (2016). The Application of Contemporary Concepts of Public Administration to Achieve the Objectives of the New Climate Policy. Vestnik Sankt-Peterburgskogo universiteta. Ekonomika [St Petersburg University Journal of Economic Studies], 3, 74–94. DOI: 10.21638/11701/spbu05.2016.305. (In Russ.)
Kharlamov, A. V. (2020). Economic system transformation and ensuring economic security. Peterburgskiy ekonomicheskiy zhurnal [Saint-Petersburg Economic Journal], 3, 6–14. DOI: 10.24411/2307–5368–2020–10018. (In Russ.)
Konstantinov, A. V. (2014). Role and place of anthropogenic climate change in system of providing economic security in economy sectors. Sotsialno-ekonomicheskie yavleniya i protsessy [Social-Economic Phenomena and Processes], 9(8), 61–66. (In Russ.)
Potravny, I. M, Yashalova, N. N., Gassiy, V. V. & Chávez Ferreyra, K. Y. (2019). The Project Approach for Managing the Environmentally Oriented Development of the Region’s Economy. Ekonomika regiona [Economy of region], 15(3), 806–821. DOI: 10.17059/2019–3-14 (In Russ.)
Cradock-Henry, N. A., Frame, B., Preston, B. L., Reisinger, A. & Rothman, D. S. (2018). Dynamic adaptive pathways in Downscaled climate change scenarios. Climatic Change, 147(3–4), 395–409. DOI: 10.1007/s10584–018–2270–7.
Motosova, E. A. & Potravny, I. M. (2014). The pros and cons of introducing a carbon tax: an analysis of foreign experience. ЕКО [ECO], 7(481), 180–189. (In Russ.)
Roginko, S. A. & Shmal, G. I. (2019). Russian oil industry & Paris agreement: challenges and risks. Neftyanoe khozyaystvo [Oil industry], 9, 50–55. DOI: 10.24887/0028–2448–2019–9-50–55. (In Russ.)
Sonnyh, K. V. (2018). Economic incentives in the environmental sphere: seeking a balance of interests of the state and business. Neft, gaz i pravo [Oil, gas and law], 2, 39–44. (In Russ.)
Gazman, V. D. (2019). Socio-economic efficiency of the leasing in renewable energy. Ekonomicheskiy zhurnal VShE [HSE Economic Journal], 23(2), 238–263. DOI: 10.17323/1813–8691–2019–23–2-238–263. (In Russ.)
Bench, L. Y., Andriichuk, A. Y. & Ponomareva, K. S. (2019). Credit Instruments as Part of the «Green» Finance Policy. Biznes inform [Business Inform], 12(503), 338–343. DOI: 10.32983/2222–4459–2019–12–338–343 (In Russ.)
Keucheyan, R. (2018). Insuring climate change: new risks and the financialization of nature. Development and Change, 49(2), 484–501. DOI: 10.1111/dech.12367.
Botzen, W. J. W. & Van Den Bergh, J. C. J. M. (2009). Managing natural disaster risks in a changing climate. Environmental Hazards, 8(3), 209–225. DOI: 10.3763/ehaz.2009.0023.
Kusnieva, A. T. (2018). Exotic financial instrument weather derivatives and perspectives of its application. In: G. Yu. Gulyaev (Ed.), Aktualnye voprosy prava, ekonomiki i upravleniya. Sbornik statey XVI mezhdunar. nauch.-prakt. konf. V 2-kh ch. [Actual questions of law, economics and management. Collection of articles of the XVI International Scientific conference. In 2 parts] (pp. 29–32). Penza. (In Russ.)
Sail, M. A. (2012) Finances and climatic risks. Trudy glavnoy geofizicheskoy observatorii im. A. I. Voeykova [Proceedings of Voeikov Main Geophysical Observatory], 565, 7–21. (In Russ.)
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Economy of Regions
This work is licensed under a Creative Commons Attribution 4.0 International License.
