Category Archives: Energy transition

Energy transition

China’s hydrogen export

Hydrogen plays an increasingly important role in China’s energy landscape as it seeks to diversify its energy sources, reduce its reliance on fossil fuels, and meet its climate goals.

China has released its first-ever long-term plan for hydrogen, covering the period of 2021-2035, as it seeks to develop a domestic hydrogen industry and decarbonize its economy. China is the world’s largest hydrogen producer, but most of its production is emissions-intensive, with around two-thirds generated from coal. The country aims to produce at least 5% of its energy from low-emission hydrogen by 2030.
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Russia and the European energy sector

Russia is one of the largest producers of energy in the world, with a significant portion of its economy relying on its energy sector. The country is rich in natural resources, including oil, natural gas, and coal, and is one of the world’s largest exporters of these resources.
Oil and natural gas make up the majority of Russia’s energy production and exports. The country is home to some of the largest oil and gas reserves in the world, and the state-owned company Gazprom is the world’s largest producer of natural gas. In addition, Russia is a major producer of coal and is the world’s second-largest exporter of coal.
Russia has also been investing in renewable energy sources, such as wind and solar power, but these sources still only make up a small portion of its energy mix. The country has set a goal of increasing its share of renewable energy to 4% by 2024.
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The role of Hydrogen in the energy transition

Hydrogen is a chemical element with the symbol H and atomic number 1. It is the lightest and most abundant element in the universe, and it can be found in a variety of forms, including gas, liquid, or solid.
In the context of the energy transition, hydrogen is of particular interest as a potential low-carbon energy carrier. When hydrogen is burned, it produces only water vapor, making it a clean-burning fuel. Additionally, hydrogen can be produced from a variety of sources, including natural gas, biomass, and water through a process called electrolysis, which uses electricity to split water into hydrogen and oxygen.
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Importance of the financing of the energy transition

Financing is a critical component of the energy transition as it involves significant investments in new energy infrastructure and technologies. Without adequate financing, it can be difficult to achieve the necessary scale and speed of deployment of renewable energy sources and energy efficiency measures needed to mitigate climate change and reduce carbon emissions.

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