Akin Gump Senior International Advisor Toby Gati recently authored an important article discussing the future of Russia’s renewable energy industries.

Russia, currently the world’s number one gas producer and number two oil producer, also has the potential to be a giant in the area of renewable energy. The Russian government has recently signaled support for the introduction of technologies to improve energy efficiency, reduce the adverse impact on the environment, and produce electricity and fuel from renewable sources. The articulation of concrete national goals for the development of renewable energy and the creation of a more solid legal framework, including financial incentives and subsidies, can over time make both domestic and foreign investment in this area more attractive.

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