Data modelling for the report, part of the Neo-Carbon Energy research project, suggests a 550GW renewable-energy build-out in the region would be roughly 50% lower in cost that one based on currently commercially available nuclear technology or carbon capture and storage.

"We think that this is the first ever 100% renewable energy system modelling for Russia and Central Asia. It demonstrates that Russia can become one of the most energy-competitive regions in the world," states LUT's Christian Breyer, co-author of the study.

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