The dark side of decarbonization: main challenges, possible solutions
UDC: 620.9:631.4
DOI: 10.33285/1999-6942-2023-2(218)-7-18
Authors:
LASTOVSKAYA MARINA R.
1
1 National University of Oil and Gas "Gubkin University", Moscow, Russia
Keywords: decarbonization, renewable energy sources, rare earth minerals, clean energy, oil and gas majors, oil and gas upstream, energy markets liberalization, energy transition index, low-carbon energy systems, green transformation
Annotation:
The energy decarbonisation is one of the most important aspects of implementing climate policy and achieving the goals set under the Paris Agreement. None the less, there are a number of factors which significantly complicate decarbonisation and which should be taken into account when implementing the energy transition. They, in particular, include the following: the need to invest heavily in clean energy development and dramatically accelerate the commissioning of new capacities; the compliance with emission reduction commitments by all countries, and not by the 10–15 countries most active in this process; the change of the strategies of large energy and oil and gas companies and focus on decarbonizing these companies while reducing the role of small and medium-sized enterprises; the need to ensure renewable electricity generation sources for energy generation from fossil fuels in the energy systems with participation of renewable energy sources (RES); the need to bring all technologies that determine the development of clean energy to a mature market level. The bottom line is that the course of the green transition should be coordinated with the development of the oil and gas industry.
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