Question

Need a long and detailed self explanatory solution for the following question

Do you think are there any industries that Russia potentially benefits to outweigh the risk? Explain

Russia is warming more rapidly than most places in the globe. Could this be an opportunity for green technology in that region? Deforestation is a massive concern for Russia. Is there an opportunity for a company to change and adapt the resources being used, such as minimizing the need for wood? Explain in detail.

Answer 1

Russia have 23% share of trees in world, means one fourth share Russia have about wood industry and also they utilise this for business benefit, but as everyone know because of deforestation in Russia created problem Now Days.,

Russia is famous for Softwood quality and also Hardwood birch,

Russia export this Wood products and generate revenue from wood industry, they also so transform new pods and railings with China for transportation of wood products, in short they take advantage of available share trees in Russia,

If I have to discuss is there opportunity for green technology in that region where almost Deforestation available, in Russia then as a economist, I think yes, if they have to continue their wood industry business with the help of available trees then definitely they have to invest in green technology and take as opportunity, expand green technology Business in Russia, for generate revenue from it, cause one day share of tree decrease and it impact on their wood industry business, that's why they have to concentrate on green technology, take benefit continuously of wood industry business,

That's why definitely green technology is opportunity for Russia,

Yes if any company have to minimise need of wood, then definitely there is a opportunity to change and adapt the resources being used in Russia, technologies updated Day to day and in market there is a lots of substitute to wood, But have to minimise need of wood and change the resources being used, then have to use substitute of wood for it,

But another important thing is it's usually impact on Russia wood industry which generating revenue from it, because in Wood industry there is a Less expenditure on It and income is more, but have to utilise substitute then they cant generate more revenue compared to wood, before take benefit of this opportunity Russia have to think about out all impacts,

As economist I would like to suggest change resources and minimise need of wood for industries is never beneficial for Russia economy, instead that as I mentioned Have to concentrate on green technology business and expand it which will automatically increase wood supply and not need to minimise the need for wood to companies it is beneficial for Russia economy.