In Russia over 70% of production assets installed over 25 years ago and policy environment is not enabling or stimulating firms to reduce pollution. With more integration of Russia into world economy, the legacy of industrial inefficiency becomes a major threat for Russian private sector competitiveness.
The project has three objectives:
Obj1. Stimulate uptake for resource efficiency improvements and investment at the company level and through aggregators . The project will work directly with private sector companies to help them identify and finance relevant resource efficiency projects and measures.
Obj2. Raise awareness and develop tools to scale up resource efficiency at sector level.
Building on its direct client work with firms in selected sectors, the project will seek to scale up its impact specifically in automotive sector and through Private equity funds. The project aims to work with automakers and automotive component producers to improve their competitiveness by introducing resource efficiency practices and technologies.
Obj 3. Develop the offer for resource efficiency in the waste management sector at subnational entities. This work will build on outcomes from IFC Russia Solid Waste Management Study and an upswing in government interest in modern waste management techniques. Working at regional level, the project plans to work with select 1-2 regions and support them in development of Road Maps (implementation plans) to operationalising their waste management strategy. Experience will then be disseminated to serve as a practical model for other regions.