Russia cannot afford to hurry up with boosting renewables - report
Wind turbines in Kalmykia, Russia. Featured Image: Falkon Capital. License: All rights reserved
Russia is not ready to follow Europe’s example of raising the share of renewables because the country cannot afford it at this point, deputy prime minister Arkady Dvorkovich said Friday.
Dvorkovich believes that Europe has increased the cost of energy too much for its citizens and that the current living standards in Russia prevent the country from doing the same, he said at the Bio-Kirov-2015 forum, as cited by local news agency TASS.
Still, Russia is not giving up entirely on boosting its renewable energy share and intends to follow its current target, which extends through 2020-2025, Dvorkovich added.
Russia takes the 39th position in the latest Ernst & Young (E&Y) country attractiveness index for all renewables with a score of 42, climbing up one position since June 2015.