Siberian Federal University

Issue

Journal of Siberian Federal University. Humanities & Social Sciences. 2024 17 (3)

Authors

Blam, Inna Yu.; Kovalev, Sergey Yu.

Contact information

Blam, Inna Yu.: Institute of Economics and Industrial Engineering, SB RAS Novosibirsk, Russian Federation; ; Kovalev, Sergey Yu. : Institute of Economics and Industrial Engineering, SB RAS Novosibirsk, Russian Federation;

Keywords

climate policy; oil and gas companies; decarbonization; energy transfer

Abstract

In the EU, a particular feature of decarbonization is that companies formerly focused on petroleum-producing and petroleum-processing are now in the process of being transformed into energy companies with a broad range of activities feeling significant pressure from the government, investors, and NGOs. However, ambitious climate policies pursued by their American counterparts, as a rule, assume neither reduction nor slowing of hydrocarbons production. Carbon footprint reduction is to be achieved mainly by carrying out carbon capture, utilisation and storage (CCUs) projects on the industrial scale. While the energy transfer is an effective solution in the EU countries due to political background and the lack of accessible petroleum resources, in Russia, a promising strategy seems to be a combination of greenhouse gases capture with hydrocarbons production and processing. It is important to emphasize that, all recent challenges notwithstanding, including global ecological trends and accelerating energy transfer processes in European countries, Russian companies are in a continuous search for efficient decarbonization tools, although many of them are forced to make certain corrections in their decarbonization roadmaps

Pages

457–464

EDN

CWDBNW

Paper at repository of SibFU

https://elib.sfu-kras.ru/handle/2311/152702

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).