Russia rules out cutting fossil fuel production in next few decades

(EurActiv, 1 Nov 2020) Energy minister says Moscow will also focus on clean-burning hydrogen and carbon capture.

Russia has no plans to rein in its production of fossil fuels in the coming decades despite the global efforts to shift towards low-carbon energy, according to its energy minister.

Alexander Novak told the Guardian that Russia did “not see that we will achieve a peak in [gas] production anytime soon” because the world’s appetite for gas would continue to grow in the decades ahead despite its growing number of climate targets.

Instead, during a crucial decade in the battle to keep a lid on rising global temperatures, Russia will pair a 50% growth in gas production with plans to become a global leader in producing clean-burning hydrogen and developing carbon capture technology.

Russia intends to ramp up gas production from its vast and inexpensive reserves to reach 1tn cubic meters a year by 2035, from just under 680bn cubic meters last year.

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EurActiv, 1 Nov 2020: Russia rules out cutting fossil fuel production in next few decades