Translation. Region: Russian Federal
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
Supporters of the “net zero” concept are leading humanity to energy regression, noted Rosneft CEO Igor Sechin in his report “The Odyssey of the World Economy in Search of the Golden Fleece. The New Face of World Energy.”
During his speech at the Energy Panel of the XXVIII St. Petersburg International Economic Forum, the head of the Company noted: every time humanity switched to a new type of fuel, the efficiency of the energy system increased and its capabilities expanded. “This was due to the fact that the new energy source, as a rule, had a higher energy flow density,” Sechin added.
He recalled that the outstanding scientist Pyotr Kapitsa proved that the energy flow density is a key characteristic of any type of energy. “According to this indicator, such types of fossil fuel as coal (135.1 W/m2), oil (195 W/m2) and gas (482 W/m2), as well as nuclear energy (241 W/m2) are far ahead of solar (6.6 W/m2) and wind energy (1.8 W/m2). Thus, the concept of “net zero” actually crosses out centuries of progressive development of society, offering humanity an energy regression,” said the head of Rosneft.
He stressed that European politicians lack the courage to publicly acknowledge this fact. “Their blind faith in the “green” transition already resembles an addiction. As one of the classics of French literature aptly put it: “A red nose is a sign of constancy of character,” Igor Sechin stressed.
“It is clear that the integration of renewable energy sources requires a profound transformation of infrastructure, the scale of which is underestimated. According to the IEA, global investments in the development of energy networks lag behind investments in generation by two and a half times,” he concluded.
Department of Information and Advertising of PJSC NK Rosneft June 21, 2025
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.