Chairman of the Board of Sberbank German Gref predicts that Russia’s energy export can be reduced after the energy transition. During the speech on the panel session of the Solve “Is Russia ready to global ESG transformation?” In the framework of the Eastern Economic Forum (WEF), he noted that by 2035 exports could fall at $ 179 billion, and already by 2050 – by 192 billion.
The energy transition also carries the risk of potential decline in oil and gas condensate by 2050 by 72 percent, and gas – by 52 percent.
Herman Herf also explained that other processing methods will reduce these figures, but it will be necessary to introduce more environmentally friendly production.
How to calculate in the slaughter, for the Russian budget the consequences will be very significant.