Transition to carbon neutrality opens up great opportunities for Russia — PM

Asia's Tech News Daily

"This is a chance to use breakthrough technologies in the backbone sectors of the economy, to form new growth points, high-tech jobs, and additional competitive advantages in the context of the global energy transition," Mikhail Mishustin noted

MOSCOW, October 15. /TASS/. Transitioning to carbon neutrality is a major challenge, but at the same time it opens up great opportunities for Russia, Prime Minister Mikhail Mishustin said on Friday.

“More than 60 countries have already announced their intention to move to carbon neutrality, this will inevitably lead to a change in the structure of energy consumption in the next three decades – around 25 years,” Mishustin said. “This state of affairs is a serious challenge, but at the same time, there are great opportunities for our country. This is a chance to use breakthrough technologies in the backbone sectors of the economy, to form new growth points, high-tech jobs, and additional competitive advantages in the context of the global energy transition,” he added.

According to him, developing hydrogen energy is a promising direction. Mishustin noted that hydrogen can be obtained from various sources and can be used in many sectors of the economy: in industry, energy, transport. “Russia possesses large reserves of hydrocarbon resources, especially natural gas, as well as potential in nuclear energy and renewable energy sources. Of course, it is important to use these advantages at the initial stage of developing our own technological competencies in the field of hydrogen energy,” he said.

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