What would happen if Russia restructured its energy industry?
Following this development path could lead to a further downturn of the national economy. It would significantly limit the scope for the Russian energy industry’s development until , making its modernization or securing new niches on the global market impossible.
Will Russia's renewables growth rate affect gas consumption?
The renewables growth rate in Russia’s energy balance will be at its lowest and will not affect gas consumption. The existing Russian national programs on promoting renewable energy until may be reconsidered.
Is Russian energy a viable alternative energy source?
Historically the Russian energy industry has been following a conventional development path. The availability of large hydrocarbon reserves (natural gas, oil, and coal) and water resources has turned into a significant barrier hindering the advancement of safe and efficient alternative energy sources.
Will Russia's energy industry develop at the same pace?
The trends listed above may represent both opportunities and challenges to Russia and its energy industry and are not likely to develop at the same pace. The cost of energy technologies in many cases seems to be the main uncertainty factor, since it determines their competitiveness.
Does Russia have a high energy potential?
Renewables (excluding large hydro) amount to only 1.5% of centralized energy generation in Russia. This is contrary to global trends and does not match the country’s high technical potential . One obvious explanation to this fact is the abundance of fossil fuels that guarantee short-term economic and energy security.
What is the Russian energy strategy ?
The draft Russian Energy Strategy , the main strategic document for the industry, sets the goal of “advancing the country’s energy sector, through its structural transformation, to maximize its contribution toward the dynamic socioeconomic development of the Russian Federation” .
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