“At the moment, we are seeing a sort of euphoria surrounding the energy transition when we talk about the need to abandon oil and gas. But at the same time, we are depriving the oil and gas sector of investment,” he told the session.
“It would seem to us that we have to speak very carefully about an energy transition. It’s vital, its time has come. But we have to make use of technologies for CO2 capture and storage. And it is critical we work out individual programmes of sustainable development in this campaign.”
For example, he said, a broad transition to renewable energy sources and “green” hydrogen called for high-investment construction, solar and wind power stations and the allocation of large pieces of land to accommodate them.
When moving forward with these processes of energy transition, countries and companies must first of all think about the interests of people.
“We must not harm people in this process,” the minister said.