Law360, New York (July 24, 2014, 10:58 AM EDT) -- Having one of the richest conventional energy reserves in the world, Russia has traditionally downplayed the importance of renewable power generation. Therefore, it is not surprising that, compared to other countries' policy targets around the globe, Russia's goal for electricity generation from renewable sources is starkly diminutive. In 2009 the government set its sights on achieving 4.5 percent of power generation from renewable sources by 2020,[1] but statements from officials over the past year indicate that, at most, Moscow is now only aiming for 2.5 percent. By comparison, fellow energy-rich Norway plans to boost wind power capacity alone by up to 2 GW and Germany is aiming to produce 35 percent of its power from renewable sources by 2020. Even the European-laggard U.K. plans to hit the 15 percent mark by 2020. In this context, it is worth noting that Russia obtains a significant portion of its electricity from large-scale hydropower,[2] which Russian policy makers do not consider a renewable energy source for the purpose of calculating Russia's renewable energy targets....