Institute for Economics of Natural Resources and Climate Change

Publications

• Morozkina A., Grigoryev L. M., Gaspardo M. et al.

  The Multilateralism of the New Development Bank on the Sustainable Economic Growth in BRICS Nations and Beyond

  With recent transformations in the International Order signaling trends toward changes in the various dimensions of power, it is important to reflect on the initiatives of the BRICS grouping, with their challenges and potential. In this context, the functioning of the New Development Bank (NDB), often referred to as the BRICS Bank, needs to be analyzed as one of the central elements of the new trends in multilateralism. Edited by Ndivhuho Tshikovhi, Fulufhelo Netswera, Jiejin Zhu, Bruno De Conti, Rajeev Sijariya, and Maria Apanovich, the book “The Multilateralism of the New Development Bank on the Sustainable Economic Growth in BRICS Nations and Beyond” presents discussions dedicated to unraveling the complex elements of the NDB.

  Emerald Group Publishing Ltd., 2025.

• Irina A. Strelnikova, Matvei N. Chistikov, Anna A. Chistikova.

  Will the Arctic Cooperation System Accommodate Global Geopolitical Changes?

  This article analyzes the dynamics of international cooperation in the Arctic in the context of the post-2014 Ukraine crisis, as well as the reasons for the failure of “Arctic exceptionalism.” The authors consider the factors underlying the Arctic policies of the West, East, and South. Seeking to maintain the liberal world order, the West has tried to punish Russia for its “revisionist behavior” by isolating it and expelling it from the Arctic cooperation system. However, these attempts are nonsensical, as dialogue with Russia is essentially the main purpose of the Arctic Council and Barents Euro-Arctic Council. The West’s attempts to replace Russia with non-Arctic countries of the East and the South have also failed, as those countries have no reason to join Arctic cooperation institutions if Russia is expelled from them.

  Russia in Global Affairs. 2025. Vol. 23. No. 2. P. 23-37.

• Leonid Grigoryev, Morozkina A.

  NDB and SDGs: Does the Bank Fulfill Its Mandate

  Multilateral development banks (MDBs) have long played an important role in resolving of international challenges, including though research cooperation. They are believed to be less politically engaged than bilateral development assistance programs and therefore better positioned to form the global agenda. The New Development Bank (NDB), in its turn, is an especially important player among MDBs, since it is one of the few institutions with the world's largest economies as its cofounders, but without any of the G7 economies. In 2020, it showed its ability to provide well-timed and effective loans to its members during crises, approving the first NDB Emergency Assistance Program in Combating COVID-19 in March 2020.

  In this chapter, we discuss changes to the global sustainable development agenda and the NDB's contribution to sustainable development goals (SDGs) in member countries, potential instruments, and priority sectors in the longer-term and implications for the global financial architecture, given the changing global economic environment. We have looked at the alignment of NDB projects with the SDGs and concluded that the NDB primarily contributes to SDG 6, SDG 7, SDG 8, and SDG 9, with the latter leading the way with its 49 projects. This is consistent with the Bank's mandate, which highlights infrastructure as a primary sector of investment.

  In bk.: The Multilateralism of the New Development Bank on the Sustainable Economic Growth in BRICS Nations and Beyond. Emerald Group Publishing Ltd., 2025. Ch. 6. P. 83-101.

• Stepanov I. A., Albrecht J.

  Decarbonization and Energy Policy Instruments in the EU: Does Carbon Pricing Prevail?

  The issue of instrument choice is vital for climate policy. Carbon pricing is used next to a range of traditional energy taxes and renewable energy policies such as feed-in tariffs and minimal renewable generation targets. Several countries introduced carbon taxes alongside existing energy taxes such as excise duties on vehicle fuels. Since 2005, the EU Emissions Trading Scheme (EU ETS) has attached a direct price to the GHG emissions of ETS companies. The combination of multiple instruments and explicit and indirect carbon price signals created a complex and frequently changing institutional landscape that blurs the contribution of each policy instrument. Can the decarbonization of the European economy be attributed to carbon price instruments or to renewable energy policies together with other fiscal instruments? This paper clarifies the relative impact of explicit carbon price instruments (carbon taxes and EU ETS) compared to other instruments, namely renewable energy policies and indirect carbon price signals (general energy taxes). The methodology is based on the calculation of the implicit carbon price in existing fiscal systems. On the basis of panel data for 30 European countries 1995–2016, several fixed-effect regression estimations were performed. The results indicate a greater but decreasing impact of price instruments on carbon intensity compared to renewable energy policies and a greater but decreasing relative impact of indirect price signals compared to explicit ones.

  Economics. EC. Высшая школа экономики, 2019. No. 211.