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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 188 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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Green Energy: Current Challenges
16 June 2022
09:00—10:15
KEY CONCLUSIONS
The main challenge for the energy sector is to ensure its continuity

Personally, in my opinion, when it comes to the energy sector, energy security is, of course, the priority. Our task, as power engineers, is to ensure affordable, reliable, uninterrupted, high-quality power supply for both industry and citizens. Undoubtedly, this issue is more important than all others — Pavel Snikkars, Deputy Minister of Energy of the Russian Federation.

We are talking about constant and important increase in consumption in Turkey. Demand for electricity has tripled in the last 20 years and we expect it to continue growing in the next 20 years. A growing economy requires energy and, of course, energy demand will continue to grow — Alparslan Bayraktar, Deputy Minister of Energy and Natural Resources of the Republic of Turkey.

It is necessary to decarbonize the economy to remain competitive. However, green energy is not the same as ecology

Obviously, we are now actively turning towards Asia. It is a huge growth market with very great potential. <...> The expectations of our new partners will not be any different from those of the EU. We understand that a cross-border carbon tax is going to happen and that a number of positions, which remain and fall under that tax, would translate to an $80bn outflow from our budget from 2026 to 2050. This is our estimate — Tatiana Zavyalova, Senior Vice President for ESG, Sberbank.

Everyone understands that the climate agenda, although it is not identical to the decarburization issues, and it even has been voiced recently, the climate agenda is much broader, and moreover, the environmental agenda is broader. We have the Ecology national project, and, probably, for many people clean air and water are more important than CO2 emissions. Twenty cities were included in the project, but in reality there are [forty of them] that require rather radical measures to reduce emissions and clean up the air. In this regard, the environmental projects are much broader for VEB — Andrey Klepach, Chief Economist, VEB.RF.

In October of last year, our parliament ratified the Paris Agreement. The Paris Agreement’s requirement and commitment obliged the Turkish economy to become carbon neutral by 2050. We now have only 30 years to decarbonize the economy and the Turkish energy market. This is one of the toughest challenges we face for decades to come — Alparslan Bayraktar, Deputy Minister of Energy and Natural Resources of the Republic of Turkey.

ISSUES
Europe demands green energy, but sanctions hamper transition

As far as international cooperation is concerned, it is clear that no one is cancelling it. Our Western colleagues are now taking a stand, let's put it this way. <...> When we said, 'How do you want us to meet our climate commitments if we are going to have limited access to finance, capital, and technology'? 'Well, do whatever you have to get it done', was the reply. That’s what we are doing — Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.

Our customers, at the very least, want to know and understand is this a decarburization trend. They want to see the company's plans when it comes to development. It is not even a question of tax regulation, which the EU plans to introduce in 2025-2026, but rather some sort of a private initiative of our customers. <...> We cannot ignore it. More than 90% of the products we produce are export products, and we have to meet the requirements set by our customers — Evegeny Fyodorov, Vice President – Head of the Energy Division, Norilsk Nickel.

EU backlash over plans to label nuclear and gas as green investments

Just the day before yesterday, MEPs on two committees vote against EU taxonomy delegated act. The European Parliament's environment and economy committees have voted against the inclusion of gas and nuclear in the EU's list of environmentally sustainable investments. And now their fate, given the European Commission's new options, is unclear again — Valery Seleznev, First Deputy Chairman of the Committee on Energy of the State Duma of the Federal Assembly of the Russian Federation.

High oil prices are boosting the global economy

We, as participants of the OPEC+ group, have always said that we didn’t need very high oil prices because they boost the global economy. We can make money from that, but then we will have to spend more to deal with the effects that will be created in industries, services, and so on. Now, we are seeing it for real, I am talking transport services and so on — Alexander Pankin, Deputy Minister of Foreign Affairs of the Russian Federation.

SOLUTIONS
World decarburization is not possible without Russia

We need to talk not only about whether there will be new sanctions and what they will be, we need to talk about the sequence in which these sanctions will be lifted sooner or later. <...> The goals of carbon neutrality will never be achieved by the world without Russia — Mikhail Sukhov, General Director, Analytical Credit Rating Agency.

Hydrogeneration is one of the technologically sovereign industries because we can produce everything in Russia. There are, of course, separate components, as it is the case with any large complex, but, thank God, we managed to preserve the entire complex from design to equipment tuning. And we can implement everything in full, not depending on those sanctions imposed on our country — Roman Berdnikov, First Deputy General Director, Member of the Management Board, RusHydro.

Nuclear power will be recognized as green and depoliticized

The most unpleasant challenge today is that once again there are some trends around the politicization of all these situations. There are talks in Europe, for instance, 'Let's rethink nuclear power because Russia is too much of a world leader in this field'. But actually, I think that common sense will win out — Kirill Komarov, First Deputy General Director, Director of the Development and International Business Unit, ROSATOM State Atomic Energy Corporation.

Russia needs to simplify procedures to reclassify land for wind farms

It is necessary to simplify some procedures related to intra-land relations, because the world practice shows that one can build wind farms on agricultural land, say on 2% of agricultural land, without causing damage to agriculture and the environment, for birds and other wildlife. But in our country we have to spend years reclassifying land. It complicates things — Valery Seleznev, First Deputy Chairman of the Committee on Energy of the State Duma of the Federal Assembly of the Russian Federation.

The material was prepared by the Russian news agency TASS