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, and 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 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

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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How to Achieve Carbon Neutrality in the Arctic
14 October 2021
08:00—09:30
KEY CONCLUSIONS
The Arctic's role in the global transition to carbon neutrality is growing and could make Russia a key global player in new fuels

I would like to outline the increasing role of the Arctic in terms of facilitating the energy transition. Firstly, it [is related to the availability of] rare metals needed for breakthrough technologies, metals that are in demand for the energy transition. Secondly, it is the increasing supply of liquefied natural gas (LNG), which makes it possible to meet the goals and objectives of the Paris Agreement. And speaking of the carbon-free Arctic, we cannot but recall a 2008 report of the U.S. Geological Survey, according to which there are vast reserves in the Arctic, which may be in demand, including for the production of fuels that will be needed during the energy transition. Primarily, hydrogen, ammonia, and methanol — Nikolay Korchunov, Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation.

If Russia continues to move vigorously in this direction, including by creating new domestic equipment, it will become one of the powerful hydrogen exporters. I don't want to scare anyone with optimistic estimates, but by 2050, Russia could export as much as 30 million tons — Konstantin Dolgov, Deputy Chairman of the Committee on Economic Policy of the Federation Council of the Federal Assembly of the Russian Federation.

The Arctic could be the heart for turning Russia into a hydrogen superpower. <...> Certainly, it is necessary to enter this business now, because in ten years, when the price of green hydrogen, according to our forecasts, will be six times less, this business will already be competitive, and it is necessary to form the first player advantage in it now — Anton Poriadine, Partner, Leader, EY-Parthenon in CIS; Co-leader of Energy Sector, EY-Parthenon in Europe.

Science development is important for the energy transition in the Arctic, and the region could become a pan-Russian platform for the introduction of new technologies

Of course, green energy issues cannot do without scientific support. And, of course, to assess the impact of anthropogenic impact, we need to involve the scientific community, the best scientific forces of the country — Andrey Grachev, Vice President for Federal and Regional Programs, Norilsk Nickel.

The Arctic may well become a testing ground for new generation technology solutions, which are not attractive in the European part of Russia for economic reasons. After all, the alternatives in the Arctic are much more expensive, also diesel fuel, for example. And what is being done for the development of small hydropower plants, small NPPs, tidal, geothermal energy is the testing ground where new solutions can be tested for further replication throughout the country — Anton Poriadine, Partner, Leader, EY-Parthenon in CIS; Co-leader of Energy Sector, EY-Parthenon in Europe.

The Russian Federation is implementing a project to create the Arctic's first scientific station, Snezhinka, which will be powered by renewable energy sources at two sites in the Yamalo-Nenets Autonomous District and Murmansk Region. It will be a centre for testing advanced technologies, which will integrate the best solutions. In other words, we see the Arctic region becoming a zone of advanced development and a laboratory for testing and implementing new and important technologies for the entire world — Nikolay Korchunov, Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation.

ISSUES
Global warming leads to accelerated climate change in the Arctic

There is this paradox: the main contribution to global warming, as we know, is made by three countries, the US, China and India, while in the Russian Arctic, due to rising temperatures, perennially frozen ground is melting and gas such as methane is being released. And in this situation, Russia's national carbon footprint could grow at the expense of the Arctic. It turns out that some people are melted down, while others have to pay the carbon tax — Andrey Grachev, Vice President for Federal and Regional Programs, Norilsk Nickel.

The Arctic zone has a faster rate of warming today. Of course, to achieve carbon neutrality, we need a special approach, special tools, a calculated programme. Apparently, all this will have to be done in the near future — Vyacheslav Sinyugin, Deputy General Director for Digital Transformation and Energy Project of Zarubezhneft.

Russia is lagging behind Europe in moving towards carbon neutrality and introducing specific tools to achieve this goal

The share of renewable energy in the global energy mix is growing every day, and in European countries such as Sweden and Denmark, it exceeds 60%, in Germany - about half. In Russia today, it is less than 2%. However, the potential in the Arctic is enormous, and we see that much has been done for this in recent years — Soslan Abisalov, Director of the Infrastructure Development Department of the Russian Ministry for the Development of the Far East and the Arctic.

In the last couple of years, Russia has started to actively develop a carbon footprint reduction agenda. This is a very right vector. But there is a lack of specific instruments that would allow this to happen. First of all, Russia lacks a CO2 quota system and a carbon price criterion. This is the element of the equation, which is still missing in Russia. Without the introduction of a carbon price, projects in this sector will not pay off — Dmitry Borovikov, Vice President for Strategy, Portfolio Management and Trading, Fortum.

SOLUTIONS
Development of the Northern Sea Route will facilitate the transition to carbon neutrality

We have to project, in terms of the anthropological burden, the projects that are being developed in the field of sustainable shipping and those that Rosatom has in place, into the goals of the Paris Agreement. These are, above all, icebreakers with nuclear, low-emission units. And the carbon footprint when engaging the Northern Sea Route will be much smaller than the alternative routes — Nikolay Korchunov, Ambassador-at-Large of the Ministry of Foreign Affairs of the Russian Federation.

In the future, it is probably possible that the Northern Sea Route, which will be one of the main catalysts for the development of the Arctic, will only use liquefied natural gas (LNG). Transition to LNG will significantly reduce the human impact and ecological footprint in the Arctic. I believe that the Northern Sea Route should become the green thread that runs through the Arctic and around which many of the right environmental ideas are built — Dmitry Gorshkov, Director, World Wildlife Fund Russia.

Industry must participate in improving environmental conditions in the Arctic

We see a great demand from industrial enterprises that are located in the Arctic zone to 'green' their energy consumption. And we see great prospects for creating renewable energy capacity in the Arctic, because many factors converge there, including concern for the environment, the need to supply remote areas, and the demand for creating new industrial clusters to be powered by electricity — Dmitry Borovikov, Vice President for Strategy, Portfolio Management and Trading, Fortum.

Norilsk Nickel has adopted an environmental and climate change strategy. This is a serious programme, with a total budget of RUB 686 billion. <...> We also have a so-called sulphur programme in active development, which will enable us to reduce emissions in the Norilsk industrial district by 95% by 2025 compared to 2015. The total investment in our sulphur programme will amount to RUB 250 billion — Andrey Grachev, Vice President for Federal and Regional Programs, Norilsk Nickel.

There is a need for business, financial institutions and the regulator to work together with a focus on long-term value for society and the country. The government's task is to encourage responsible investment in technologies that are in their immature stages, in infrastructure, in consumer industries and in legislative initiatives. <...> Here, public-private partnership is a very acceptable form — Anton Poriadine, Partner, Leader, EY-Parthenon in CIS; Co-leader of Energy Sector, EY-Parthenon in Europe.

The material was prepared by the Russian news agency TASS