Policy transition to low-carbon economy in Russia: state support measures

Transition to a low-carbon (“green”) economy is a strategic priority for Russia's long-term and balanced socio-economic development in the context of the ongoing globalization of the world economy and the current state of the environment. Russia’s economy is notoriously resourceoriented with the dominant influence of the fuel and energy complex, so this fact impedes a lowcarbon transformation. Currently, Russia is in a transitional stage, which allows to create favorable conditions for the future high-tech and environmentally safe development of the country's economy. Despite a number of challenges that have had a definite impact on the sustainability of the Russian economy, low-carbon development remains one of the focus areas of state policy, included in most of the targeted federal-level documents. The authors of the study are analyzing a set of state support and policy measures for the development of a green economy, in particular microgeneration and energy saving. The study contributes to the literature by proposing a new approach of complex evaluation of efficiency of different stimuli and supporting policies, which are introduced both independently and jointly.