The article discusses the key risks of implementing a strategy for long-term socio-economic development of Russia with a low level of greenhouse gas emissions. In recent years, the climate agenda has been the most important driver of structural shifts in the world economy and is viewed by leading countries as a factor in intensifying economic growth and consolidating their technological leadership at the global level. In this context, Russia’s efforts to reduce its carbon footprint without direct import of low-carbon technologies and equipment from developed countries will run into non-recognition (of the carbon sink by Russian forests and carbon-free nature of nuclear and large hydro power plants) and increase in requirements for even more radical reduction in emissions. At the same time, Russia is already making a significant contribution to achieving the goals of the Paris Agreement. The article provides a list of measures that should underlie a balanced national climate policy. The strategy for the socio-economic development of Russia with a low level of greenhouse gas emissions should provide for a balance between solving the problems of preserving the population, improving the quality of its life, and ensuring dynamic and inclusive economic growth in the country. Russia’s potential announcement of commitments to unequivocally achieve carbon neutrality by mid-century carries serious risks to national interests. Instead, a more flexible language should be used to strive for carbon neutrality.