The causes of energy transformation are essentially the need and consumption of the energy resources in the increasing growing humanity, especially since the industrial era, whether in tangible or intangible form of energy products such as electricity or heat.
Transformed energy was mainly from conventional energy sources such as nuclear energy or fossil fuels (mainly dependent on natural resources such as coal, oil and natural gas), which, with the exception of nuclear power, are forms of energy transformed for billions of years. Their natural renewal cannot catch up with the speed of their exhaustion. A study conducted by the World Wildlife Fund (WWF) in 2002 predicts that all the available natural resources will be exhausted by 2050, if they continue to be exploited at the current rate. The energy transformation is increasingly growing and the technologies employed in this regard have already started to affect the planet earth deleteriously.
The rapid depletion of natural resources and the various environmental degradations associated with the production and excessive energy consumption first came to the attention of human society in the sixties of twentieth century. Warnings refuted initially as utopian and exaggerated were finally taken seriously together with developing international legal framework in order to protect, manage, understand and restore the different form of the environment whether it is terrestrial, aquatic, marine or natural and cultural or spatial. Accordingly, the means and methods respecting the long-term, new and clean energy have been developed and have become attractive, especially since the oil shock in 1973. Some call them new energy or clean energy. Now there is an agreement on the common name of “renewable energy”.
The theme of renewable energy as a method and energy supply means having a vital interest for the status of the biosphere and the condition of life and survival on earth. According to OECD, renewable energy use inexhaustible sources of natural energy such as solar radiation, wind, water and carbon cycles in the biosphere, internal heat flux of Earth, effect of lunar and solar attraction on the oceans. These energy sources have renewability as a criterion. It also includes that the life cycle of production and processing facilities do not present risks or disadvantages in the short, long and even longer term, and that they are socially and economically sustainable.
Today, the world is in a crisis. This crisis is both ecological and social. This crisis was named as global warming. This is the phenomenon of climate change and energy poverty that plague the world. The challenges are to determine the sustenance of life on planet earth and understanding the contribution of renewable energy sources. Global warming caused by the constant accumulation of greenhouse gases in the atmosphere has already begun to disrupt the ecosystems.
In the last decade of the twentieth century, it has been observed that there is an increase on the average temperature of the oceans and the atmosphere on a global scale. An assessment conducted by Intergovernmental Panel on Climate Change (IPCC) in 2007 confirmed that human activities are causing greenhouse effect that is to say we observe increasing of the amounts of greenhouse gases such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) etc. that results in global warming. A study by Global Chance in 2017 establishes a connection between emissions of greenhouse gases and fossil fuels. IPCC assessment also estimates the share of greenhouse gas emissions due to the energy sector at 25.9%.
All areas of the environment are affected. The atmosphere due to the burning of fossil fuels had started to cause air pollution, accentuating the greenhouse effect and the decline of the ozone layer. The increasing water use and water pollution had started to modify the hydrosphere. Rising atmospheric and sea-surface temperature had started to modify the cryosphere. Our increasing use of land, for agriculture, cities, roads, mining – as well as all the pollution we were creating – had started to modify our biosphere and landscape. International Greenpeace speaks of about 150,000 additional deaths per year among the ecosystems due to the environmental degradation and loss of biodiversity persist. In addition to that, there are risks of long-term pollution and environmental degradation posed by the nuclear power that we can no longer ignore.
The IPCC report entitled “Climate Change” published in 2007 predicts major negative consequences for humanity this century due to approaching climate change, a reduction of potential crop yields in most tropical and subtropical areas, a decrease of water resources in most tropical and subtropical dry regions, a decrease in the source of water flow from melting ice and snow, following the disappearance of the ice and the snow, an increase in extreme weather events such as heavy rains, storms and droughts, and an increase in the impact of these phenomena on agriculture, an increase in forest fires during warmer summers, the extension of areas infested with diseases such as cholera and malaria, an increase of flood risk, both because of rising of the sea level and climate change, a higher energy consumption for air conditioning and reduction of potential crop yields at middle and high latitudes.
These effects will be felt worldwide, but they will be especially keen in South Asia – defined as Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Flooding, food shortages, and stagnating economic growth are just some of the devastating impacts South Asia may experience due to advancing climate change, according to IPCC. At the end of March 2014, IPCC released its long-awaited Climate Change 2014: Impacts, Adaptation, and Vulnerability, a report that compiles the current scientific literature on climate change. The report’s assessment of observed impacts — the climate change effects we are already seeing — ranks Asia as the biggest victim of natural disasters last year, accounting for nearly 30 percent of the global economic loss ascribed to natural disasters.
South Asia’s vulnerability to these and future disasters is profound, principally for reasons of population and poverty. The majority of South Asian countries are low- or lower-middle income countries that already struggle to support the daily needs of their growing populations. Because poorer households dedicate more of their budgets to food, they are the most sensitive to weather-related shocks that can make daily staples unaffordable.
Low-lying Bangladesh is vulnerable to flooding and cyclones in the Indian Ocean, which scientific literature suggests will grow more intense in coming decades. Rising sea levels are also likely to threaten rice cultivation. The United Nations Environment Programme (UNEP) estimates a one-meter rise in sea level would inundate 17,000 square kilometres of Bangladesh’s land, over ten percent of its total land mass.
The problems the IPCC has identified will become obvious in South Asian economies sooner rather than later. Unfortunately, the cost of action will only rise if delayed. To insulate themselves from these potential threats, South Asian nations will have to invest heavily in both mitigation and adaptation. One set of efforts would be to mitigate climate change by reducing greenhouse gas emissions through improvements in energy efficiency and promotion of renewable energy. Operating renewable energy sources may bring two-fold benefits for this region. They are less polluter; therefore, renewable energy is one of the most effective tools South Asia has in its fight against climate change. Also, they are conducive to sustainable development because they are sustainable and available in abundance. The evidence is that they are environmentally and technically accessible reserves in the world and large enough to provide about six times more energy than the world currently consumes. Thus, renewable energy could supply the people of this region with energy, including those who currently have no access to energy without the need to make expensive network connections. Even a significant increase in demand can be satisfied with their enormous potential.
While renewable energy contributes environmental protection, it has a huge potential for regional energy trade – it does help spur economic growth, enhance job creation, boost business activity and fund to poverty eradication. The international trade in energy allows countries to balance this important demand and supply, exploiting their own unique comparative advantage while meeting increasingly diverse energy requirements. Despite substantial potential, South Asia is one of the least connected regions in the world in regard to energy trade, according to Asian Development Bank (ADB) report on Energy Trade in South Asia in 2011.
Though South Asia is one of the fastest growing regions in the world with economic growth forecasted to gradually accelerate from 7.1 percent in 2016 to 7.3 percent in 2017, a World Bank (WB) report said, it is still struggling to meet energy demand. Despite such encouraging figures, the facilities and services available in some South Asian countries are inadequate to address the growing demands of their economy and population, thus increasing the strain on scarce resources and contributing to high poverty figures and a relatively low standard of living. The majority people without a sustainable access to the basic energy services were estimated around 1.2 billion worldwide – 16% of the global population – in 2016, mainly from developing countries, particularly in Africa and South Asia, according to World Energy Outlook (WEO). Energy supply and security are major challenges on the road to sustainable development in the South Asian region. Furthermore, the challenge is likely to get more complex as energy demand is growing to keep pace with an expanding population and economy.
The South Asian countries have huge potential for renewable energy sources. Geographically, South Asian countries are located in a region of different climatic conditions such as tropical, humid etc. which provides easy access to a variety of renewable energy sources. It has been reported that hydropower potential in Nepal, the massive wind power potential in Afghanistan, and solar power potential in India, Pakistan and Bangladesh can help the South Asian region go a long way in fulfilling its energy needs.
This enormous potential is still insufficiently taken into account in this regional energy markets. Today, according to International Energy Agency (IEA) annual report in 2013, renewable energy represents 13.2% of the total energy consumption in the world and in South Asian countries, according to ADB report on Energy Trade in South Asia in 2011, less than 5%, while other energy sources continue to carve the part Lion. Bangladesh ranks among the lowest in South Asian region with 2.74 percent of energy production from renewable energy sources, according to ADB’s report in 2011. The report also summarises Bangladesh’s heavily dependence on natural gas with 88.45 percent.
Despite the huge potential and benefits of promoting energy efficiency and increasing the share of renewable energy in the gross energy production, there are obstacles at both the national and regional level, which must be overcome. One of the barriers is low investment in renewable energy because it involves high initial capital costs, and the monetary benefits from such projects take time to materialize. Low priority given to renewable energy in national planning and weak implementation framework, weak environmental regulations, fossil fuel subsidies etc. are among some crucial challenges in national level policy adoption. There is also very limited knowledge and expertise regarding renewable energy technologies. Policies are often not conducive to business and do not incentivize private sector participation. Political challenges include an agreement on the energy authority in the area and deliberating options for energy trade. The regional security framework is another impediment to the adoption of sensible mitigation and adaptation strategy as distrust between India and Pakistan still exists, and some countries in this region are constantly fighting against terrorism.
While geopolitical and geographic constraints are challenging to overcome, they are not unconquerable. Regional cooperation must address variables such as private sector participation, huge investment cost, affordability, political will, climate change, right of way and inaccessibility. The key here is to expand the existing bilateral framework for energy trade into a multi-lateral one, and work towards energy security and look into low-carbon solutions. Focal offices should be established at the federal/central level in each country under the auspices of South Asian Association for Regional Cooperation (SAARC), as there is a need to effectively coordinate between various agencies of national and sub-national governments and organisations including SAARC Energy Centre (SEC), SAARC Meteorological Research Centre (SMRC) etc. The same office may be declared as a liaison with international development partners, civil society and the private sector. Current and planned policies, programmes and projects may be reviewed to align them with the objectives of Sustainable Energy for All (SE4ALL), a global initiative launched by the United Nations (UN) in 2011.
Energy efficiency practices and standards are the most relevant areas in South Asia. By sharing ideas, they may address energy system losses and inefficient consumption at commercial and household levels. Similarly, the comparative analysis of legislations and policies relating to demand side energy efficiency and conservation may be carried out in order to progress in this direction. Each country should prepare a national energy research agenda to be pursued by academia and other scientific research organizations. There is a tremendous need to foster research culture to develop cost-effective home grown solutions for renewable technologies, energy efficient appliances and energy conservation practices. Additionally, legal and financial advisory services may also be provided through technical assistance programmes.
Through initiating heavy investment in renewable energy sector, the public sector can save substantial resources and set a trend to be followed by private businesses and households in each nation. Hence, there is an urgent need to attract private sector investment in energy sector. Energy trade models and practices in other regions of the world may also be examined for relevance to South Asia. Energy trade may emerge as a cornerstone of regional integration and connectivity. South Asia is also advantageous in terms of its close proximity with Middle East and natural resource rich Central Asia.
Maximizing Nickel as Renewable Energy Resource and Strengthening Diplomacy Role
Authors: Nani Septianie and Ramadhan Dwi Saputra*
The development of the times and technology, the use of energy in the world will continue along with the increase of population. Global energy demand is currently recorded to have increased three times since 1950 and its use is estimated to have reached 10,000 million tons per year. Most of the energy is produced from non-renewable materials such as coal, gas, petroleum, and nuclear energy. Besides being non-renewable, fossil-based energy is also not environmentally friendly because burning fossil fuels produces CO2 gas which can cause global warming. Based on the energy used previously, the world still uses fossil energy that used in conventional vehicles that still use gasoline as fuel. Where fossil energy itself is still classified as the energy that is not environmentally friendly because it produces carbon emissions that can pollute the environment. Therefore, the world is currently flocking to make renewable energy by electric vehicles that are more environmentally friendly.
In electric vehicles, batteries play a very important role in the components of electric vehicles. Currently, there are two types of batteries that are the most common and widely used for electric vehicles. The first is a lithium-ion battery and the second is a nickel-based battery. But keep in mind for the type of lithium-ion battery itself, nickel is also the main raw material needed. Lithium-ion batteries commonly used to store power in vehicles are Lithium Manganese Oxide (LMO), Lithium Nickel Manganese Oxide (NMC), Lithium Nickel Cobalt Oxide (LTO). The reason for using nickel as a raw material for electric vehicles batteries is more environmentally friendly, nickel is also considered to be more efficient. Because nickel is a metal that has a high energy density storage and cheaper than using other types of minerals such as cobalt. As the popularity of electric vehicles continues to climb due to their increasing demand, the future of nickel production will also be brighter in future. Demand for automatic mining commodities will continue to grow, to encourage companies and producing countries to be eager to increase production.
Reporting from Investing News, Monday (10/26/2020) there are 10 largest nickel producing countries in the world, namely the United States in the tenth position with total production: 14,000 Metric Ton (MT, the ninth position Cuban countries with total production: 51,000 MT, the ninth position is Cuba the the eighth countries are Brazil with total production: 67,000 MT, the seventh position is China with a total production of 110,000 MT, the sixth position is Canada with total production: 180,000 MT, the fifth position is Australia with total production: 180,000 MT, the fourth position is New Caledonia with a total production: 220,000 MT, the third position is Russia with a total production of 270,000 MT, the second position is the Philippines with a total production: 420,000 MT, and the first position is occupied by Indonesia with the largest total production of 800,000 MT. Indonesia has been used as a benchmark by many parties regarding the seriousness of a country to enter the Nickel trend. In 2019, it was reported that nickel production will be bigger than palm oil production, which is the second largest commodity to be exported. Its relatively affordable distance from China, which is a leading country in the production of electronic vehicle manufacturers, makes the export process of this commodity very ideal. Indonesia also still has nickel reserves of 21 million MT.
Nickel is an important component in the production of electric vehicles, which can be used as raw materials for long-term sustainable battery manufacturing to create a clean environment. Where nickel as the main raw material for the manufacture and operation of electric vehicles has contributed to reducing carbon emissions. Based on the Union of Concerned Scientist explains that battery production contributes of global warming emissions and decreases to 43% where this decrease depends on the chemicals used in the manufacture of battery raw materials. Making electric vehicle batteries is indirectly appropriate with the commitments of the Paris Agreement and the Sustainable Development Goals Agenda (SDGs) at point 13 to combat Climate Change in reducing carbon emissions to achieve a climate-neutral world. Therefore, each country is needed to cooperate and maximize diplomatic strategies between countries to fulfill the source of raw materials for the manufacture of electric vehicle batteries, especially nickel.
Countries are needed to maximize diplomacy activities to create an equal distribution of electric vehicle production
Therefore, the large production of electric vehicles shows that in the future each country will need a supply of raw material for the production of batteries, namely Nickel which is the main raw material for making batteries. electricity. This phenomenon shows that the largest nickel producing countries have an important role in achieving the contribution of raw materials for the manufacture of electric vehicle batteries. However, with the large production in each country that has an abundance of nickel, the country cannot stand alone. Instead, it is also necessary to distribute nickel production in other countries by sharing raw materials, which can be carried out using a diplomatic strategy.
Therefore, diplomatic activities between countries are very important to complete all the shortcomings possessed by each country. Each country can use its negotiation skills in achieving its national interests and the needs of each country. However, countries that have a large abundance of energy resources, especially nickel, which is the main raw material for the manufacture of electric vehicle batteries, should not continue to export excessively, but countries that have these energy sources must continue to limit the number of exports. Because nickel is an energy resource, the wealth of this energy resource must be maintained to prevent the depreciation of nickel reserves. Therefore, each country is required to carry out diplomacy, including strengthening the bargaining power of each country, negotiating to create an even distribution of nickel supply, complementing the needs that each country lacks in assembling electric vehicles, and Each country is required to form a sustainable plan as a long-term strategy to ensure that electric vehicles can continue to be produced in the future, especially nickel which is the main raw material in the manufacture of electric vehicle batteries.
*Ramadhan Dwi Saputra, Chemical Engineering Research Assistant at Universitas Islam Indonesia.
Gas doom hanging over Ukraine
The long history of gas transit across independent Ukraine began with Kiev’s initial failure to pay anything for Russian natural gas, both intended for transit to Europe and for domestic consumption, on the pretext of fraternal relations between the former Soviet republics. Later it cost the Ukrainians a meager $25 for 1,000 cubic meters of Russian gas, and that ridiculously small sum remained unchanged for quite some time. The sizeable amount of Russian gas provided at a discount price, plus domestically available oil resources, were distributed by the country’s greedy elite the following way: domestically produced gas was used on utilities, proceeds from the transit of Russian gas went to the state budget (minus the money that lined bureaucratic pockets), and Russian gas – to the industry (plus the corruption component).
Then came the Ukrainian revolutions and Kiev’s desire to join “Euro-Atlantic structures” and the desire to “get off the Russian gas needle and prevent the Kremlin from using energy as a weapon.” Ukraine has tried and is still trying to believe in all this by playing up to the collective West and hoping that the West will compensate Kiev for the losses caused by its revolutionary endeavors and anti-Russian antics. As a result, we see gas prices going through the roof, an energy crisis in Europe, and the completion of the Nord Stream 2 gas pipeline.
Those in power in Kiev hoped for the very last moment that the West valued their country more than it did the energy security of European countries. Much to their surprise (and only theirs), this is not so. It looks like the Europeans are interested in Russian gas supplies and are not so eager to keep Ukraine as the main transit country. Moreover, having “democratized Ukraine” to the state of an openly anti-Russian country, the West turned it into a country, whose leadership the Kremlin does not really want to talk to simply because it does not see any point in doing this. This is the reason why third countries care (or rather pretend to care) about Ukraine. Thus, in July of this year, there came out the “Joint Statement of the United States and Germany on Support for Ukraine, European Energy Security and Our Climate Goals.” According to it, Germany pledged to do everything in its power to make sure that the agreement between Moscow and Kiev on the transit of Russian gas across Ukrainian territory was extended for up to ten years. The statement came when it was already obvious that the construction of Nord Stream 2 would be completed, Germany resisted US pressure on this issue, Moscow paid no attention and Washington, exhausted by the battles of the presidential elections and the search for new strategies in the Old World, was trying to pit America’s European friends against Russia.
It has never been a secret that the West needs reliable transit, and this is something that Ukraine also insists on. However, Kiev has officially labelled Russia as an “aggressor country,” which means that this very “aggressor” must ensure this transit and bring billions of dollars in revenues to the Ukrainian budget. This looks like a kind of “Euro-schizophrenia” where Ukraine is an anti-Russian country and simultaneously serves as a reliable transit country for Russian gas. Things do not work this way, however, and it looks like Europeans are beginning to realize this. Therefore, most of the European consumers support Nord Stream 2 even though they do not show this in public. Suffice it to mention the recent conclusion of a years-long contract for gas supplies to Hungary.
Vladimir Putin’s statement, made amid soaring gas prices and growing threats to European industry, came as an energy lifeline for all Europeans.
“Russian President Vladimir Putin supported the initiative of Deputy Prime Minister Alexander Novak to increase gas supply on the market amid rising energy prices in Europe… Novak said that Russia can stabilize the situation with prices by providing additional volumes of gas on the exchange, adding that this country’s main priority is to accommodate domestic demand,” Lenta.ru reported.
Commenting on the possibility of increasing gas supplies via Ukraine, President Putin recalled that Ukraine’s gas transport system had not been repaired “for decades” and that “something could burst” there any time if gas pressure goes up.
“At the same time, it is more profitable and safer for Gazprom to operate new pipeline systems,” he added. Putin thus confirmed what is already clear to all that Ukraine is an unreliable and, in fact, an extra link, and that Europe can get gas bypassing technically and politically unreliable Ukrainian pipes. He also pointed out that Gazprom would suffer losses from an increase in gas transit via Ukrainian territory, while new gas pipelines offer cheaper transit options. He added that Gazprom is saving about $3 billion a year by using new pipelines and that Russia was ready to increase gas supplies and make them cheaper for European consumers.
Gas shortages have already forced the Ukrainian government to freeze gas prices for household consumers, but prices for gas for industrial enterprises are rising along with those on European exchanges, where on October 6, they reached a very impressive $ 2,000 per thousand cubic meters and went down only after Putin’s statement came out.
Meanwhile, the head of Ukraine’s Federation of Glass Industry Employers, Dmitry Oleinik, said that this [rise in gas prices – D.B.] would lead to an inevitable rise in prices. However, producers will not be able to jack up prices indefinitely, because at some point buyers simply will not be able to cover production costs.
“The Ukrainian consumer will not even be able to cover the cost of production. Plants and factories will slowly shut down and people will lose their jobs – this is already very serious. Budget revenues will “plummet,” and expenses will skyrocket… The issue of bankruptcies is just a matter of time,” Oleinik warned.
If Ukraine continues to follow the chosen course, it will face de-industrialization. By the way, this will suit the West, but certainly not the Ukrainian industrial oligarchs, who have long been eyeing agriculture, including the prospect of turning themselves into land barons. However, the farming sector will not be happy about the high prices on gas that bakeries, sugar factories and greenhouses run on. There will be nowhere to run.
Apart from purely practical realities, the conclusions I can draw from the current energy situation in the world and Vladimir Putin’s statements regarding the Ukrainian transit, are as follows:
- Gas supplies through Ukraine and to Ukraine are not solely an economic issue, given Kiev’s endless anti-Russian escapades;
- This problem affects the energy security of Europe;
- Since there are several angles to this problem, it must be solved in a comprehensive manner;
- At the same time, this cannot be done exclusively in the interests of the West and Ukraine to the detriment of the interests of Russia.
As you can see, it is once again up to Kiev and its shadow patrons to decide. And winter is just around the corner…
From our partner International Affairs
Russian Energy Week: Is the world ready to give up hydrocarbons?
In an official message to mark the opening of the Russian Energy Week international forum on 13-15 October in Moscow, Russian President Vladimir Putin stressed that there are numerous issues on the agenda related to current trends in the global energy market, including improvements to industry infrastructure and the introduction of modern digital technologies into its operation.
“The efficiency of energy production and consumption is the most important factor in the growth of national economies and has a significant impact on people’s quality of life. Many countries have already adopted policies to accelerate the development of clean energy technologies,” he wrote in the message to guest and participants.
“The forum business programme is therefore set to look in detail at the possibility of developing green energy based on renewable sources and the transition to new, more environmentally friendly fuels. I am confident that the events of the Russian Energy Week will allow you to learn more about the achievements of the country’s fuel and energy sector, and that your initiatives will be put into practice,” Putin said.
Leaders of foreign states have also sent greetings to the participants and guests. For instance, President of the Republic of Angola João Manuel Gonçalves Lourenço, Prime Minister of Vietnam Pham Minh Chinh, Crown Prince of Abu Dhabi Armed Forces Mohamed bin Zayed bin Sultan Al Nahyan, and Vice Premier of the State Council of China Han Zheng.
In their greetings, it generally noted the importance of the topics to be discussed at the forum as well as the need to build an international dialogue and consolidate efforts to achieve the sustainable development goals, including as regards climate change.
The programme covers a wide range of issues of transformation and development in the global energy market. In the context of energy transition, the issues of energy development are inextricably linked with the introduction of new technologies, and the transformation aimed at reducing greenhouse gas emissions into the atmosphere. Climate protection is a task that cannot be solved by one country; it is a global goal, which can be achieved through building dialogue and cooperation between countries.
The participants in the discussion will answer the question: Is the world ready to give up hydrocarbons? In addition, during the panel session, the participants will discuss whether oil, gas and coal are really losing ground in the global energy sector; whether the infrastructure will have time to readjust for new energy sources; how long will there be enough hydrocarbons from the field projects that are being implemented; and whether an energy transition using fossil fuels is possible.
The international climate agenda is forcing many countries to reform their carbon-based energy systems. For Russia, which holds a leading position in the global hydrocarbon markets, the transition to development with low greenhouse gas emissions presents a serious challenge, but at the same time it opens up new opportunities for economic growth based on renewable energy, hydrogen technologies, advanced processing of raw materials and implementing green projects.
The Climate Agenda included sessions dedicated to the operation of the Russian fuel and energy sector in the context of energy transition, the impact of the European green pivot on the cooperation between Russia and Europe, as well as the session titled ‘The Future of Coal in a World Shaped by the Climate Agenda: The End, or a New Beginning?’
Sessions of the ‘New Scenarios for the Economy and the Market’ track are dedicated to the global challenges and opportunities of the electric power industry; the impact of ESG on the Russian fuel and energy sector; the potential for the renewable energy sources; and other issues of the future of energy.
The Russian Energy Agency under the Ministry of Energy brings together experts from key international analytical organizations to discuss the future of world energy during the session titled International Energy Organization Dialogue: Predicting the Development of Energy and Global Markets.
The Human Resource Potential of the Fuel and Energy Sector, participating experts will discuss the prospects for developing the professional qualification system, and a session titled Bringing the Woman’s Dimension to the Fuel and Energy Sector. Optimizing regulation in the energy sector and organizing the certification and exchange of carbon credits in Russia are the basis of the Regulatory Advances in Energy.
Anton Kobyakov, Advisor to the Russian President and Executive Secretary of the Russian Energy Week 2021 Organizing Committee, said “the level of various formats of international participation testifies to the importance of the agenda and Russia’s significant role in the global energy sector. We are a reliable strategic partner that advocates for building international cooperation based on the principles of transparency and openness. With the period of major changes in the industry, it is particularly important to engage in a dialogue and work together to achieve both national and global goals.”
The forum, organized by the Roscongress Foundation, the Russian Ministry of Energy, and the Moscow Government, brought together many local and foreign energy and energy-related enterprises. The speakers attending included Exxon Mobil Corporation Chairman of the Board of Directors and CEO Darren Woods, Daimler AG and Mercedes-Benz AG Chairman of the Board Ola Kallenius, BP CEO Bernard Looney, and TotalEnergies Chairman and CEO Patrick Pouyanné.
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