A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 165 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 76 countries worldwide, and 154 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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The Future of Coal in a World Shaped by the Climate Agenda: The End, or a New Beginning?
14 October 2021
14:30—15:45
The future of coal energy is inextricably tied to the future of the coal market, which is one of the world’s largest. Its basic advantages include a relatively low price, abundant reserves and a developed system for supplying the global market, the convenience of creating fuel reserves and independence from weather conditions, and the lack of protected routes and geopolitical restrictions. Coal power generation is the main source of electricity in China, India and many Southeast Asian nations. This is an important factor in the battle to reduce energy poverty and increase employment in coal-mining regions. The prospects for the global metals industry, primarily steel, manufacturing and related industries such as construction, are at present largely determined by the supply and cost of coking coal. We are seeing a post-crisis recovery in demand for this type of coal. Platts analysts noted a sharp, 2.8-fold increase in the volume of spot transactions for premium coking coal in the first half of 2021, which in turn led to a rapid rise in prices for this fuel type. At the same time, the move towards an energy transition is rapidly gathering pace around the world. It aims to gradually displace fossil energy resources and primarily coal from the fuel balance of power plants and the fuel and energy mix in general in order to achieve carbon neutrality, in part through the introduction of various regulatory measures. What is most likely to occur over the coming decades is the concurrent development of the innovative coal market, coal power generation and the energy transition, with these processes affecting each other in various ways. This will have an impact on the lives and wellbeing of tens and hundreds of millions of people. Looking to the international community, what is the future of global coal energy, and is Russia in keeping with the times? When will hydrogen be able to compete with coal in metallurgy, and in what technological processes? Is the greening of coal energy desirable, taking into account the development of other energy sources? What support measures are required in order to give coal energy a ‘fresh start’? What are the prospects for Russian power generating coal and coking coal on the world market? How justified are plans to maintain coal power generation volumes in Russia to 2035, taking into account the consequences of the coronavirus pandemic? How can an economically sound and strategically aligned approach to coal power generation that is based on the potential for future transformations be created in the new conditions?
Date
14.10.2021
Forum
Russian Energy Week
Started at
14:30—15:45
Conference hall
Manege, –2nd floor, conference hall A
Analytics on the topic