We declare our full solidarity with Ukraine. We stand by the side of our Ukrainian partners and colleagues and, at the same time, by the side of our partners in Russian civil society who are beset by harsh repression.
Many Russian stakeholders no longer fiercely reject the EU’s plans to tax carbon intensive imports, but look at the global decarbonisation efforts more foresightedly. Windows of opportunities for international cooperation appear. However, instead of joining the global shift to renewables, Russia develops its own approach with a strong role for traditional energy sources.
Since decarbonization goals and policies gained pace internationally in the course of 2021, the Russian leadership no longer denies the discourse on global climate change and a necessary transformation. Nevertheless, mainly the traditional energy sources remain in the focus. A broad debate within the country can hardly unfold. Civil society remains under tough pressure.
The business of the AIIB is the financing of large infrastructure projects such as power plants, dams and transport routes. Such investments are inherently associated with high environmental and social risks, as well as corruption and high levels of debt. This study provides an overview of the institution's close alignment with China and its transparency and information disclosure rules.