The market for liquefied natural gas – like all energy options – suffered greatly last year from the COVID pandemic and reduced demand, but is now looking forward to the future with optimism. Analysts predict a rise in demand, a more flexible market and new forms of trade.
Mass production of aviation biofuel is less economically viable than producing aviation fuel from oil and unless a carbon tax is introduced it cannot compete with traditional fuel, a leading expert on metabolic engineering said
Russia has enormous potential to become an important exporter of hydrogen in the event of a gradual elimination of carbon emissions by the world economy, the chairman of the Global Energy Prize International Award Committee said.
There are good prospects for a coal industry that remains efficient despite the economic crisis linked to the COVID pandemic and the announced transition to carbon-free energy sources, Russia’s Deputy Energy Minister Anatoly Yanovsky said.