Klimat: Russia in the Age of Climate Change
by Thane Gustafson. a good overview of energy economics, business & politics in Russia (there are chapters on metals & agriculture too). i assume there is much to critique about the book, it’s not really super deep in any one area. and the author is a little cringe on climate change stuff in the normal way. but in general it’s quite good & very readable. the basic point is that Russia faces serious longer-run challenges from climate change (starting ~2030, definitely by 2050), largely because of lower demand for its fossil fuel exports bc of the energy transition. especially in Europe. solutions like pivoting to Asia, or offsetting demand decline with other exports like metals, ag, higher-value products etc are fraught with risks & problems & require huge difficult capital investments. nuclear is maybe the brightest spot, Russia has done what USA & France failed to do & built a successful nuclear export industry. but even here the long-term path is tricky, as Russia will eventually need to upgrade to newer advanced reactors & also faces potentially fatal competition from China (and just maybe
SMRs from USA!). there are also internal challenges, such as rising costs for hydrocarbon production, and infrastructure issues wrt melting permafrost. climate change is also going to cause some problems in agriculture, although there will be benefits too.