Post sponsored by

MIL OSI Translation. Region: Russian Federation –

The agenda includes: the implementation of initiatives in the spheres of energy and new technologies.

Excerpts from the transcript:

Meeting on implementation process and results of socioeconomic development initiatives up to 2030

Mikhail Mishustin: Colleaigues, the year afternoon.

We continue discussing the implementation of socioeconomic development strategic initiatives for the period to 2030. Today we will listen to reports presented by my deputies, Alexander Novak and Yury Borisov.

Let us begin with the energy sector. As the President has noted many times, here Russia can offer truly unique opportunities, with effectiveness that is several times higher than that of our partners, while the carbon footprint is significantly lower.

We will talk about two initiatives: the New Nuclear Energy and Clean Energy, including hydrogen and renewable energy sources. Both areas are supervised by Alexander Novak.

We have repeatedly discussed issues related to the transition to the new energy; for example, last autumn we held a strategic session on the prospects of using hydrogen for this purpose. It is well-known that Russia is the world’s leader in nuclear energy. Active work is underway to develop renewable energy sources, including wind and the sun.

We will have to preserve and significantly increase our competitive advantages while taking into account climate challenges and global warming processes. After all, dozens of countries have already announced plans to move towards carbon neutrality. The President has also set a goal to achieve this objective by 2060.

Work to achieve this goal will make it possible to ensure people’s access to clean and reliable energy sources, increase the level of environmental security in Russia, and help upgrade manufacturing and create new high-tech jobs.

Large sums have been envisaged to implement these plans. State support will be provided for the development of hydrogen energy. For this, the three-year federal budget has earmarked about 9 billion rubles.

We plan to allocate another 40 billion rubles approximately for projects within the initiative to create a new nuclear energy. It is envisaged that about 56 billion rubles will be additionally allocated from the National Wealth Fund for these purposes.

We hope that this will enable Russia to step up its presence on the global energy market. The production of equipment for solar and wind generation has already been localized. It is also necessary to create new branches of power engineering, including the production of equipment to produce hydrogen. The creation of such industrial capacities is necessary to increase the production of environmentally and climate neutral products.

Mr Novak, please elaborate on the work in this area. Please, you have the floor.

More to be posted soon…

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News