SECTORS:

EXTERNAL NEWS

Why The Clean Energy Revolution Isn’t Taking Off In Russia
01 Jul, 2019

The world’s second-largest producer of crude oil and natural gas, Russia, has been said by many energy industry analysts to be too dependent on energy revenues. Indeed, the country gets as much as 40 percent of its federal revenues from oil and gas exports. And it's no secret that Russia isn't exactly famous for renewable energy. Does Russia have a future in a renewable energy world?

Forbes energy writer Ariel Cohen addressed this question in a recent article, adopting the optimistic view of renewables, noting “We have now entered the era of the renewable energy resource, whereby zero-emission electricity is generated via near unlimited inputs (solar radiation, wind, tides, hydrogen, and eventually, deuterium). Cutting-edge, smart electric grids, utility-scale storage, and electric self-driving vehicles – powered by everything from lithium-ion batteries to hydrogen fuel cells – are critical elements of this historic energy transition.”

Source: Oil Price - https://oilprice.com/Alternative-Energy/Renewable-Energy/Why-The-Clean-Energy-Revolution-Isnt-Taking-Off-In-Russia.html#