Sechin assessed the prospects of hydrogen energy

by time news

Meeting 15-20% of total energy demand from hydrogen will require an investment of $ 15 trillion by 2050, which is comparable to the annual costs of the entire oil and gas sector, said Igor Sechin, Chief Executive Officer of Rosneft, speaking at the energy panel at the SPIEF.

“Hydrogen energy can become economically viable only if it is provided with appropriate volumes of green generation, and 85% of this impressive amount will need to be directed to it. In addition, the generated “green” energy should be cheap enough and not create additional burden on the consumer, “Sechin said.

The head of Rosneft stressed that with the increase in the share of renewable energy sources, tariffs increase, and their preferential taxation ultimately leads to a budget deficit. As a result, the low cost-effectiveness of low-carbon solutions places an additional burden on the consumer, Sechin said.

“Already, automakers are recognizing that electric vehicles will be significantly more expensive to consumers in the medium term than traditional vehicles. For example, Carlos Tavares, head of the Stellantis carmaker, recently noted that the transition to electric cars could be a problem for the European middle class, since their cost until the second half of the 2020s will be significantly – almost twice – higher than that of conventional cars, ”he said. …

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