We need to invest and develop our new energy. This includes renewable energy sources, the atom, hydrogen energy, and the use of technologies to capture carbon dioxide. These technologies and new products should enable us to extend the life cycle of our traditional energy carriers, hydrocarbons, including gas — Alexander Dyukov, Chairman of the Management Board, Chief Executive Officer, Gazprom Neft.
An important focus of work is to reduce carbon intensity. We aim to reduce our carbon intensity by a third by 2030 by improving our energy efficiency and reducing the flaring of associated gas. We need to look at opportunities to diversify our business and create new products and technologies for the new energy order. Oil companies are already producing hydrogen from methane. This hydrogen is called ‘grey’, but by applying technologies to capture, pump, and store carbon dioxide, we can make this hydrogen ‘blue’. But de facto it will be ‘green’, since it will have a low carbon footprint — Alexander Dyukov, Chairman of the Management Board, Chief Executive Officer, Gazprom Neft.
The highest peak electric capacity – 8 GW, which is a rather large power system, of which the country has several – operates for several weeks a year in the winter. If these 8 GW could be replaced with a demand management model, we wouldn’t be doomed to constantly pay for capacity reserves. And this, of course, is a green business, because right now when consumption is reduced, coal is not burned and gas is not burned. If we manage to fully replace the peak load in our country through demand management, we will be able to reduce emissions by 16 million tonnes of carbon dioxide per year. This is equivalent to about 4.7 million cars not actually emitting carbon dioxide. That’s how many cars there are in Moscow — Grigory Berezkin, Chairman of the Board of Directors, ESN Group.