Russia to increase share of low-carbon energy sources to 90% by 2035

Russia to increase share of low-carbon energy sources to 90% by 2035

Low-carbon energy sources will account for 90% of all energy sources in Russia by 2035, Deputy Prime Minister Alexander Novak said speaking at a high-level dialogue meeting on energy held as part of the UN General Assembly, Trend reports with reference to TASS.

"Thanks to the state support, the share of renewable energy sources in the Russian energy balance is growing. Also, solutions are being developed to use clean energy sources for hard-to-reach regions of the country. We expect the share of carbon-free energy sources (hydroelectric power plants, renewable energy sources and nuclear power plants) in the energy balance to increase to 45% by 2035, and the share of low-carbon energy sources will reach 90%," he said.

According to him, Russia's energy balance is already one of the most advanced the world's largest economies. About 87% of the electricity generated in Russia comes from carbon-free or low-carbon sources.

"Of these, 46% is natural gas is the "cleanest" of all fossil fuels. 41% is taken by carbon-free generation - these are hydroelectric power plants, nuclear power plants and energy generated on the basis of renewable energy sources," he added.

Novak noted that natural gas will remain one of the main types of energy in the global energy balance for a long time due to its environmental friendliness. In this regard, Russia will continue to diversify its natural gas supplies, including LNG. "We expect to increase LNG production to 140 million tonnes per year by 2035," he added.

Subscribe to Trend in Google News! Subscribe
Development of financial technologies in Kyrgyzstan discussed in Bishkek
Development of financial technologies in Kyrgyzstan discussed in Bishkek
Kyrgyzstan plans to receive USD 80 mln from ADB for budget support
Kyrgyzstan plans to receive USD 80 mln from ADB for budget support
Azerbaijan, Kyrgyzstan look to sign agreements in transport sector (Exclusive)
Azerbaijan, Kyrgyzstan look to sign agreements in transport sector (Exclusive)
Loading Bars
Latest
Georgian GDP continues its robust recovery – Renaissance Capital
President Erdogan presents President Aliyev with 'Kharybulbul' image watch (PHOTO)
Presidents of Azerbaijan and Turkey hold one-on-one meeting in Zangilan (PHOTO)
Russia to supply Turkmenistan’s Turkmengaz with pipes
Iran facing problems at filling stations
Azerbaijan increases propylene production in 9M2021
Azerbaijani, Turkish presidents view works done under “smart village” project in Zangilan
Uzbekistan reveals data of foreign investment in mining industry
Uzbekistan, Singapore to co-op for humanitarian programs and projects
GM to boost EV profile with 40,000 charging stations in U.S., Canada
First Vice-President Mehriban Aliyeva posts photos from Aghali village, Zangilan district on her Instagram page (PHOTO)
Russia, UAE ink inter-governmental space exploration deal
Georgia plans to renovate its Airports Association
U.S. home price growth slowed in August- S&P Case-Shiller
Kazakhstan counts on international experience on operating nuclear power plants
Bahar Azadi gold coin price dips in Iran
Engineering work in Azerbaijan's liberated lands continues - MoD (PHOTO/VIDEO)
Uzbekistan's GDP grows in 9M2021
Kazakhstan sees decrease in production of iron ores
Kazakhstan’s Energy Ministry comments on Marine Access Channels project
Iran keen to increase Methanethiol production
Webinar on Engineering products organised by the Embassy of India (PHOTO)
Iran plans to develop Chaharmahal Bakhtiari Province
Azerbaijan becomes largest diesel supplier to Georgia
Bahrain approves Sinopharm vaccine for children aged 3-11
Official welcome ceremony held for Turkish President Recep Tayyip Erdogan in Aghali village, Zangilan district (PHOTO/VIDEO)
Israeli co Emtan to provide Spanish police with 9,120 pistols
Iran boosts its TEU container transit via Shahid Rajaee port
Iran issues loans to several enterprises
Azerbaijan talks provision of Internet to inaccessible areas
Turkmen Khazar Consortium opens tender for chemicals
Opening of Fuzuli Int’l Airport to speed up investment, social dev’t of Azerbaijan’s Karabakh - Israeli expert
President Ilham Aliyev and President Recep Tayyip Erdogan lay foundation for “Dost Agropark” in Zangilan (PHOTO)
Kazakhstan increases cargo transportations volumes via maritime
Turkmen company to purchase chemical products via tender
Azerbaijani products on display at int'l exhibition in China (PHOTO)
Turkey unveils number of ships docking at Iskenderun port
India, UK take part in joint exercise Konkan Shakti 2021
Fitch Ratings unveils long-term IDR of Astana Gas KMG
TDB and ICD sign MoU to support private sector investment in common African member states
Georgia shares its TOP-5 fuel exporters
Kazakhstan provides transit corridor for Afghan women
Iran’s West Oil & Gas Production Company prevents declining gas production
Iran’s Tejarat Bank provides loans related to coronavirus
Azerbaijan's mortgage fund issues record number of loans for 10M2021
Kazakhstan, Hungary sign memorandums in number of spheres
Iran reveals COVID-19 data for October 26
Turkey sees growth in number of registered Iranian companies for 9M2021
Leadership of Turkish Defense University visit Azerbaijani War College of Armed Forces (PHOTO)
Azerbaijan, WB discuss possible co-op in restoration of liberated lands (PHOTO)
Iran not to raise price of energy carriers - PBO
Ports giant DP World expects container volume growth to moderate in Q4
Azerbaijani, Turkish presidents laid foundation stone for Zangazur corridor (PHOTO)
Russian company plans to participate in restoration of Azerbaijan's liberated lands
Kazakhstan offers Hungary to launch Budapest - Almaty - Budapest flight
Azerbaijan shares data on number of vaccinated citizens
Bank of Georgia to support construction of solar power plant
Tehran in need for new small-scale gas stations
Iran`s TEDPIX keeps downward trend
Azerbaijan confirms 2,266 more COVID-19 cases, 1,194 recoveries
Iran unveils details of its gas extraction, consumption and export
Iran begins cargo shipment from northern ports
TAP covers 17% of Greek demand for natural gas
Iran and Russia's trade turnover increases
Gadkari bats for green hydrogen; says India needs to reduce oil imports
Indian Defence Minister invites foreign defence firms to take part in DefExpo 2022
Iran's crude steel production declines
Foreign companies to pay taxes online in Kazakhstan since 2022
European Fund for Southeast Europe provides funding to Georgian TBC Bank
Russia records another 36,466 coronavirus cases
Hungary names areas for further co-op with Kazakhstan
Hungary increases export of goods to Kazakhstan
Uzbekistan forms new investment projects with South Korea
President Ilham Aliyev and President Recep Tayyip Erdogan attend opening ceremony of Fuzuli International Airport (PHOTO)
BSTDB ready to expand cooperation with local financial institutions in Azerbaijan (Exclusive)
Iran shares data on its oil extraction and exports
BSTDB may consider supporting Azerbaijan in issuing green bond (Exclusive)
Azerbaijan, Turkmenistan implementing large transport projects
Six Indian Naval Ships Arrive In Sri Lanka To Boost Defence Cooperation
Turkish President Recep Tayyip Erdogan arrives in Azerbaijan. First official welcome ceremony held at Fuzuli International Airport (PHOTO/VIDEO)
High oil prices to improve Azerbaijan’s external balance – BSTDB president (Exclusive)
New steel production plant to appear in Georgia
Azerbaijan repairs civilian properties in Barda destroyed by Armenia (PHOTO)
Iran can extract oil for next hundred years - Iranian Parliament's Research Center
Turkish president's current visit to Azerbaijan is another step towards strengthening bilateral ties - administration
Iran increases aluminum ingots production
Turkey reveals data on car shipments between its Tuzla, Italy's Trieste ports for 9M2021
High probability of oil reaching $100/barrel - Blackrock CEO Fink
Some 30 people died from methanol poisoning in Russia’s Urals
bp’s ACE platform to be launched in coming months
Turkish president leaves for one-day visit to Azerbaijan
Azerbaijan publishes data on trade with China
Kazakh National Bank talks reasons for recent base rate increase
bp, SOCAR mull possibilities of increasing Azerbaijan’s gas output (PHOTO)
Indian economy likely to record 9.5 pc growth this fiscal: Reports
Iran to complete transit routes - official
Physical gas flows, nominations at TAP’s interconnections
Kazakhstan’s KMG-Security LLP opens tender to buy diesel fuel
Some forces trying to break stability in region - Secretary of Security Council of Azerbaijan
Georgia releases data on COVID-19 cases for October 26
All news