Against the backdrop of the geopolitical crisis, an energy crisis has taken shape. All commodity prices – gas, oil – have skyrocketed, and now [these resources, – Ed.] are insanely expensive. Why is it important? The most popular technologies for producing hydrogen are one from gas, the other from water by electrolysis. What happened? Gas prices have risen sharply, making hydrogen from gas very expensive. At the same time, the cost of producing electricity from RES [renewable energy sources, – Ed.] keeps going down. A unique event took place: whereas previously the hydrogen energy was about the climate, but there was no money, now there are incentives to develop the hydrogen energy based on the green hydrogen. <...> Green hydrogen begins to compete with blue hydrogen, which has never happened before, i.e. there are economic incentives for investment — Denis Deryushkin, Deputy General Director - Head of Analytical Center, Russian Energy Agency of the Ministry of Energy of the Russian Federation.
Currently, a number of SCO member states, such as Russia, China, India and others, are actively developing their hydrogen industries. In this context, I consider it important to intensify energy dialogue and practical cooperation — Sohail Khan, Deputy Secretary General, Shanghai Cooperation Organisation.
Many speakers today pointed out that we are now living in a difficult and complex geopolitical environment, but we see the need to use hydrogen. <...> We need to overcome humanity’s long-term climate crisis. We need to get to a zero-carbon sustainable development. We all hope that Russian Federation will contribute to this programme and will take a part of it upon itself. <...> An economy that is based on hydrogen offers many opportunities for many countries. Russia can do a lot in this respect — Olga Algayerova, Executive Secretary, United Nations Economic Commission for Europe (UNECE).