Geo: Global Sustainability

An environmental campaign took place in St. Petersburg, during which citizens could hand in their old toothbrushes and used toothpaste tubes for recycling. Is it as environmentally beneficial as is believed?

The world public and the media continue to discuss the scandalous statement of experts of the International Energy Agency (IEA), which proposed to stop financing new projects related to the exploration and development of hydrocarbon deposits. Most analysts believe that this will not lead to an acceleration of the energy transition and reduction of human impact on nature, but only to a shortage of resources, an increase in their cost, and, as a consequence, a decline in the quality of life in developing countries. The result of this state of affairs will be an increased role of “dirty”, but cheaper technologies for power generation.

Bloomberg News Agency has published a report “Prospects of hydrogen economy” in which it is stated that already in thirty years the lightest gas in nature will cost no more than methane - from 220 to 440 dollars per thousand cubic meters, depending on the place of production. Steel mills, cement factories, automobiles, and ships will opt for environmentally friendly fuel and cut their harmful emissions by a third.

Experts have presented their forecasts as to how the global fuel & energy sector will develop and answered what hampers the execution of our country's natural resource potential.

Russia will cut funding for a programme supporting transformation to renewables by 22 per cent. Eco-activists say the Kremlin "is ignoring the signs of the end of the fossil-fuel era".

Scientists from St. Petersburg Mining University, in co-authorship with their French colleagues, made a forecast regarding the prospects of global energy development.