Low Carbon Growth in the Northeast Asian Economies: Mirage or Reality?
The Paris Climate Agreement established a new target of combating global warming "well below 2 degrees Celsius". This goal will lead to the transformation and deep decarbonization of world economy aiming at nearly zero carbon emissions soon after 2050. The Northeastern Asian countries (responsible for 40% of global CO2 emissions) have all rechnological, resource and ivnestment potential for decarbonization both domestically and internationally, and can show leadership in this efforts on global scale.
The second book from The Russia Balance Sheet Project, a collaboration of two of the world's preeminent research institutions--the Peterson Institute for International Economics and the Center for Strategic and International Studies--examines Russia after the financial crisis of 2007-2009. In the aftermath of the crisis, what is Russia's current economic status and role in the world order? How has the crisis changed a push for an innovation-driven economy fueled by advanced technology growth? Furthermore, how have recent allegations of political corruption affected domestic politics as well as the world's perception of Russia? To answer these questions, the book assesses Russia's international policy challenges and also provides an all-encompassing review of domestic issues. The authors consider foreign policy, Russia and it neighbors, climate change, Russia's role in the world, domestic politics, and corruption. As Russia grapples with the realities of the post-crisis world, this lucid volume offers the keen insights of today's foremost experts on Russia.
The book is devoted to a wide range of sustainable development issues in Russia: from review of the political, legal and institutional frameworks for green economy development to particular practices of waste management, renewable energy use, ecological education, information and awareness raising on sustainable development.
The article focuses on the influence of global climate change on the world economy. The author points out that this influence is broader than damage from the transformation of environment caused by climate change and involves the variety of issues including impacts on the technological progress and formation of new carbon markets. Special attention is paid to the role of intergovernmental regulation and the composition of climate policy which change as the influence of climate change grows. Climate policy passes to the national level and switches to the priority of adaptation measures.
Climate change is already happening and negatively affecting agricultural production in Russia, particularly the crops production, as one of the most bulnerable to weather and climatic factors. First part of the publication presents the economic valuation of climate change impacts on crops production on the national level. In the second part of it we present findings of the case studies in two Russian agricultural provinces, where the negative impacts of climate change are clearly observed. In conclusion, we consider possible options for adaptation of Russian agriculture to climate change.
The conferences in Copenhagen and Cancun heralded a turning point in the development of the international climate regime: now one can already say with certainty the old Kyoto model has collapsed. Now countries take measures to combat climate change following their own economic and political interests. Global climate cooperation disintegrates into a multitude of national climate policies.
REVIEW OF THE LOW CARBON DEVELOPMENT IN RUSSIA, GLOBAL CHALLENGES AND OPPORTUNITIES FOR REGIONAL ECONOMY
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.