Russia has put forward various assessments of the European Green Deal approved by the European Union in 2019, marking the intensive stage of energy transition. Some experts prefer to stress that developing green energy in the EU is another step in putting an end to energy dependence on Russia and the unstable states of the Middle East as well as a way to build up the EU’s competitive edge by making more efficient use of resources, developing new technology-intensive sectors and imposing a carbon border tax on carbon-intensive products from outside the EU. In this case, combating climate change is the niche where the EU is attempting to expand its own global role and where the EU has quite a shot at leadership. This realism-based approach calculates Russia’s possible losses and focuses on ways to minimize them. Another opinion, more typical of the liberal paradigm, is based on the premise that the EU—if acting on its own—is, a priori, incapable of achieving the desired results in combating climate change, since it is not the main polluter on the planet, while China, the U.S., India and Russia account for the bulk of emissions. So, without truly global cooperation, the EU can hardly achieve its goals. Consequently, an era of new opportunities is opening up for increasing collaboration under the slogans of shared responsibility for saving the planet. In his Address to the Federal Assembly, Russia’s President Vladimir Putin paid unprecedented attention to preventing climate change and environmental pollution, which demonstrates a clear trace of the EU’s new climatic agenda and a desire to show that Russia is not alien to the universal human values of fighting for quality of life in the future.
No matter what, it is expedient for Russia to account for both the realist and the liberal arguments and, on the one hand, to research opportunities and take steps for improving its own competitive edge and, on the other hand, to take advantage of the chance to use interdependence and reset relations with the EU on the basis of the new global “green” agenda.
New geopolitics of the EU’s “green energy”
Energy transition entails a number of major geopolitical challenges, requiring a transformation of the EU strategy for collaboration with regions and nations, certainly including Russia, which have played a particularly great role in ensuring the EU’s energy security.
The first challenge lies in altering the pattern of interdependence with the Middle East and North Africa (MENA) as well as Russia. The EU’s transition to renewable energy sources (RES) reduces its dependence on hydrocarbons from those regions, especially after 2030, when gas consumption is to be decreased. For MENA nations and for Russia, this entails a major drop in national budget revenues, and it will require a transformation of the economic model, possibly producing social instability in some of these states. The latter is particularly important for the EU owing to the situation concerning migration in the Mediterranean. The EU has already been quick to adopt visionary documents to establish a new framework for shaping a new pattern of interdependence. On March 9, 2020, the European Commission announced the EU’s comprehensive strategy with Africa, which includes five priority partnerships: green transition, digital transformation, sustainable growth, peace and governance, migration and mobility, also intending to usher in an era of closer cooperation with African states. In February 2021, the new “Agenda for the Mediterranean” was presented in Brussels, claiming that the COVID-19-induced crisis in the region gives Europe and other regional nations a unique chance for cooperation geared towards environmental, digital, sustainable and fair recovery. The overall funding for the “Agenda” under the Neighbourhood and Development and International Cooperation Instrument (NDICI) will total €7 bn (possibly increasing to €30 bn). Five of the twelve priority cooperation areas have to do with green transition, sustainable development, regional connectivity, digitization, green growth and climate.
On the one hand, the new stage in the EU’s cooperation with the Mediterranean states seeks to help them avoid the negative consequences of economic restructuring and to promote economic development and social stability in the region by introducing new technologies, improving the environment and creating new jobs. On the other hand, the EU itself is entering into a state of a new dependence on the states of the Southern Mediterranean since it needs the wind and solar power that abound in the region. So, the EU is extremely interested in establishing and implementing new partnerships as fast as possible. In particular, the Germany-Morocco hydrogen energy partnership is already in place, while French companies are developing wind and solar energy in Tunisia. Construction of interconnectors between the Northern and Southern Mediterranean has received a new impetus. In particular, Italy and Tunisia are building the Elmed interconnector to link Tunisia’s power grid with the European grid in 2025, with Morocco having launched energy exports to Spain in 2019 via seven underwater cables connecting the two states.
The second challenge the EU faces in developing RES is to preserve and advance its regulatory influence in the neighboring regions. This challenge stems from a decline in interdependence potentially shrinking the EU’s influence on the direction in which these states develop, pushing them to diversify partnerships and look for cooperation with potential rivals of the EU that do not tie their investments to any democratization and human rights commitments. For North Africa, this primarily means China, whose investment in RES and overall trade volume with the Southern Mediterranean is steadily growing. There are similar justified concerns that Russia might increase its eastward exports following a drop in hydrocarbon exports to the EU, though its dependence on China might grow accordingly. We should add China’s increasing technological competitive edge, particularly in solar energy.
The third challenge, largely stemming from the first two, is the need to intensify diplomatic dialogue with international partners—for a “green deal” not to be perceived solely within the realistic paradigm as a zero-sum game but rather as improving one’s own competitive edge by creating barriers in the way of others. Citing political differences as reasons for ignoring opportunities to cooperate with certain states in combating climate change will definitely harm the EU’s reputation as a globally responsible leader. So, pursuing dialogue is more of a necessity than a choice in this case.
Russia: a forced rule-taker?
For Russia, the challenge is not only to adapt to the inevitable contraction of the hydrocarbon market and to diversify its economy but also to make sure the country seizes the opportunities to do business in other countries and regions. In particular, it remains to be seen how the EU’s new African and Mediterranean strategies affect the prospects for Russia’s regional economic presence, which is largely associated with energy projects. After all, the question for Russia is how not to fall by the wayside of the new European green deal and China’s Belt and Road Initiative, as the interests behind the two projects inevitably overlap in the Mediterranean. Will Russian companies have enough competitive edge to participate in international “green” energy projects? Won’t Russian companies be excluded as not complying with the new environmental standards? Could Russia become a rule-maker in the global green deal rather than a mere rule-taker?
As conventional wisdom has it, if you want to grasp the rules of the game quickly, you should start playing it. And if the rules have not been fully set yet, it is crucial to join the game in time.
Institutionally and rhetorically, Russia adheres to combating climate change and environmental pollution. Russia has ratified the 2019 Paris Accords, adopted a series of internal strategic documents, such as the National Action Plan for the First Stage in Adapting to Climate Change up to 2022 and then The Russian Federation’s Long-Term Development Strategy for Low Greenhouse Gas Emissions up to 2050. The country has also developed a series of national climate and environment projects. In reality, however, Russia’s progress in the area has witnessed few successes. In particular, in 2021, Russia was ranked 73rd out of 115 states in the annual World Economic Forum’s ranking measuring how much states progress in transferring to clean energy, while the share of wind and solar power in Russia’s UES balance is only 0.15%. Calculations indicate that—should the most ambitious plans be implemented—the RES share in Russia’s energy generation will have reached 2–2.5% by 2035. At the same time, Russian companies have been rather active in going “green”, launching “clean” detachment of “dirty” assets into separate subsidiaries in order to attract investment and export their products to the EU while leaving products with a high carbon footprint for the domestic market. Owing to the absence of a domestic market, “green projects” launched in Russia, such as RES and hydrogen equipment, are clearly export-orientated. Russia is unlikely to receive assistance in exploring its own internal capabilities and need for RES. The principal actors here are, traditionally, the state, businesses and the civil society that particularly articulates the need for “going green” and introducing climatically neutral innovations. Yet, since this need has been recognized and expressed, it is high time Russia looked for potential partners. On the one hand, such partners would need to be sectoral technological leaders capable of sharing best practices in implementing domestic projects while simultaneously “guiding” Russia in international cooperation projects. On the other hand, such partners should not strive to politicize economic cooperation. The Italian Republic might apparently be just such a partner for Russia.
Italy as a RES leader
Italy is certainly a leader in developing RES. The desire of one of the EU’s most energy-dependent states to reduce this dependence is quite rational and justified. In 2019, renewable energy sources—such as solar, wind and hydropower—accounted for about a third of its total energy generation. About a fifth of Italy’s demand for heating and refrigeration is covered by RES, which is slightly above the average in the EU. In transportation, RES account for 7.6% of total end-consumption of energy, which is a little below the average EU level.
Throughout 2010 to 2019, Italy ranked 7th in the world in terms of accumulated investment in renewable energy sources (USD 82 bn), coming ahead of France, Brazil and Spain. By 2020, Italy had reached the target indicators for the RES share in its energy consumption ahead of schedule (17.8% in 2018, 14th place in the EU). Italy is Europe’s leader in geothermal energy generation. In 2017–2018, Italy ranked second in the EU when it comes to solar energy generation, third in producing biogas, second in hydropower, and fifth in wind energy generation. 33% of the electric energy consumed in Italy in 2018 was generated from renewable sources, with hydropower accounting for 60%. Italy also ranked 6th in the EU in 2018 in using biofuel in transportation and 4th in generating primary energy from municipal waste. Italy’s National Energy and Climate Plan (NECP) sets the goal of having RES account for 30% of its gross end-consumption by 2030, which the EU judged to be quite ambitious. Under the NECP, Italy is on the way to achieving the EU’s 2030 goals. Implementation of this plan will cut greenhouse gas emissions by 33% (emissions not covered by the trading systems (transport, residential construction, agriculture, and waste)). To achieve this ambitious goal, Italy plans to increase solar energy generation from 19 GW to 52 GW and wind energy generation from 10 GW to 19 Gw (mostly coastal). Italy is also planning to exceed the EU’s target indicators of having a 14% RES share in transportation and to reach a 22% share by using biofuel that is three-quarters biomethane. Experts believe this goal to be quite feasible, since Italy today has Europe’s biggest fleet of cars running on gas. A study of five EU states in 2021 (Germany, France, Italy, Spain, and Poland) ranked Italy first in generating, consuming, managing waste, investment, and engagement in waste processing, repairs, and recycling waste.
Russia and Italy: The importance of bilateral partnership and beyond
Italian and Russian companies have already started cooperating in RES. In particular, Rosnano and Enel Russia intend to implement Russia’s first “green” hydrogen production at a wind power plant in the Murmansk Region. Additionally, the parties are to launch a joint fund for supporting green energy generation in Russia in 2025–2035, each of them investing RUB 36.5 bn (€800 m total). If the Russian leadership is serious about developing RES domestically and exporting hydrogen to the EU, the mutual benefits from the Russia-Italy partnership are apparent given Russia’s potential in wind and solar energy and Italy’s major experience in developing these sectors and technologies. Other promising areas might certainly be waste processing, biofuel production, and use of RES in transport.
Yet, the cooperation potential is not restricted to the bilateral level.
Italy believes energy transition and sustainable development to be a crucial factor in its relations with the nations of MENA as it considers climate change in the region an immediate security threat. Official documents of the Italian Ministry for Foreign Affairs include this aspect among other priorities in developing cooperation with African states. Experts rank very highly the importance of the Mediterranean for developing green energy in the EU in general and Italy in particular, as they do the need to promote a fair transition in especially vulnerable states to avoid a new rise in migration pressure.
Given the energy transition announced by the EU, Russian companies’ prospects with respect to their presence in Mediterranean energy remain rather vague, and the pressure of sanctions makes participation in international cooperation projects increasingly complicated, as the case of Algeria shows. Given that “green energy” has not yet been affected by sanctions and Russia and Italy have accumulated experience of successful regional cooperation (in particular, in Egypt’s Zohr gas field), it would obviously be expedient to analyze the possibilities for Russian and Italian companies to participate in joint RES projects in the Mediterranean.
Since Mario Draghi has become Italy’s prime minister, the country has been strictly following Euro-Atlantic solidarity, yet such cooperation with Russia would not contravene this stance. On the contrary, it would promote Italy’s image as a middle power skillfully building bridges between conflicting parties. Italy sees the “green transition” as an opportunity to embark on another stage of its technological leaders’ international expansion and, unlike many other EU states that have succeeded in developing RES, it is not inclined to politicize economic cooperation. It was largely Russia and Italy’s energy cooperation—launched at a time of fierce inter-bloc confrontation and delicate energy diplomacy in the relations with the USSR and the states of the Southern Mediterranean—that allowed Italy to gain the status of a middle power in the second half of the 20th century.
From our partner RIAC
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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