Igor Sechin, Chief Executive Officer of Rosneft Oil Company, said that existing technologies will not ensure carbon neutrality by 2050. He spoke about this in his report “Sodom and Gomorrah in the energy market: God's punishment or organized chaos? Save Who Can” as part of the Energy Panel on the sidelines of the XXVI SPIEF.
“Carbon neutrality is unattainable on a global scale given the current pool of greens” technologies – many of the necessary technologies are still at the stage of experimental development, — said the Chief Executive Officer of PJSC NK Rosneft; Igor Sechin
At the same time, oil and gas technologies are currently at the peak of their development, they have no equal in technical and economic efficiency, and in terms of physical indicators – energy density and heat of combustion – they can be surpassed only by hydrogen and thermonuclear fusion, which have not yet been mastered.
Affected by the head of Rosneft and the risks to the global energy system posed by the growth in the number of electric vehicles. The problems associated with high network load due to the simultaneous charging of a large number of electric vehicles will be especially noticeable at the local level in residential areas.
«In addition to the natural growth in electricity demand, only to meet the needs of electric vehicles, green generation will need to be further increased by a quarter by 2050 According to the IEA, the cost of energy networks and related infrastructure by 4 times by the 2040s, from approximately 300 billion dollars to more than $1.2 trillion a per year (at current prices).
Igor Sechin emphasized: «Again, we cannot ignore the problem of production and disposal of the batteries themselves, the huge volumes of raw materials required for this and the corresponding increase in the extraction of metals, as well as their complete utilization. Technologies, unfortunately, not yet».