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Neftyanaya Provintsiya
electronic peer-reviewed scholarly publication
Neftyanaya provintsiya No.1(29),2022

Hydrocarbon potential and global energy transition. Carbon neutrality challenges: beneficiaries and payers

R.Kh. Muslimov
DOI: https://doi.org/10.25689/NP.2022.1.1-32


“Out of the blue”, the European Union has declared on a transborder hydrocarbon tax on foreign products with high green gas emissions that has to come into effect in 2023. It implies that the Russian exporters will have to pay to EU up to €30 billion annually, with the emission limits imposed and the issues of emission over-limits dealt by our “partners” rather than the Russian authorities, at that!

Russia with its gigantic mineral resources, which can be cheaply made into energy and supplied to domestic industry at prices just slight exceeding the net cost remains, evidently, Number One Threat.

What should Russia do to counterpose the aggressive and unconsidered climate policy of the governments ruling Western nations whose ultimate aim is to redistribute for their own benefit hydrocarbon resources and other natural wealth of resource-rich countries? We should prevent the deindustrialization planned by the collective West in the interests of transnational companies, we should preserve our hydrocarbon sovereignty, we should not follow the West’s policy of wide-scale introduction of the so called “green energy”. To steer this course, Russia has ample opportunities.

Key words:

resources and reserves of oil, gas, fuel and energy resources, primary energy resources, primary hydrocarbon resources, conventional and nonconventional hydrocarbon resources, heavy oils, natural bitumen, shale oil, enhanced oil recovery (EOR), renewable energy sources, gas emissions, carbon footprint, decarbonization, hydrocarbon tax, crystalline basement


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R.Kh. Muslimov, Dr. Sc., Professor, Member of the Academy of Sciences of the Republic of Tatarstan, Russian Academy of Natural Sciences and the Academy of Mining Sciences
E-mail: davkaeva@mail.ru

For citation:

R.Kh. Muslimov Uglevodorodnyj potencial i global'nyj jenergeticheskij perehod. Problemy uglerodnoj nejtral'nosti – postradavshie i vygodopriobretateli [Hydrocarbon potential and global energy transition. Carbon neutrality challenges: beneficiaries and payers]. Neftyanaya Provintsiya, No. 1(29), 2022. pp. 1-32. DOI https://doi.org/10.25689/NP.2022.1. 1-32 (in Russian)

© Non-governmental organization Volga-Kama Regional Division of the Russian Academy of Natural Science, 2015-2022 All the materials of the journal are available under the Creative Commons Attribution 4.0 License (https://creativecommons.org/licenses/by/4.0/)