On May 26, 2021, the Office of the Executive Director for the Russian Federation and Syrian Arab Republic held a virtual session for the Bank staff to discuss the role of natural gas and hydrogen in meeting the targets set by the Paris Agreement.
With COP-26 getting closer, the policymakers and other stakeholders have been engaged in a heated debate on the optimal ways of enabling the green transition. As the energy sector remains one of the biggest contributors to greenhouse gas emissions, there are many suggestions as to how to make it greener. Among those suggestions: increasing the share of renewable generation in the energy mix, expanding battery storage, developing carbon capture technologies, as well as achieving greater energy efficiency. Over the recent years, as technologies are developing, conversation around low-carbon and renewable hydrogen as another important element in the global energy mix of the future has taken traction.
The BBL brought together experts in energy markets and covered the most recent research on the topic. The speakers discussed various scenarios of the green transition and underscored an important role of gas and hydrogen in the future global energy mix. The presentations were followed by a Q&A session from the World Bank audience.