This was the question put by Rae Kwon Chung, chairman of the Global Energy Prize International Award Committee at the session entitled “The Future of Energy. Energy Transition” – held as part of the St. Petersburg International Economic Forum.
“Great Britain achieved very good results. Emissions were reduced by 40 % in terms of energy producers,” Rae Kwon Chung, winner of the 2007 Nobel Peace Prize as a member of the Intergovernmental Panel on Climate Change, told the gathering.
“But in terms of consuming electricity, emissions did not change over the last 30 years. That means that residents of Britain using energy had the same number of emissions as they had previously. And that is something we have to think about.”
He said that traditional energy source could continue to operate effectively as the transition proceeded if companies actively introduced zero-carbon technologies in oil production, like CO2 capture.