SEatWtC Part 12: Energy Policy of Russia

Russia
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Energy Policy of Russia

According to online sources, “the Energy policy of Russia is contained in an Energy Strategy document, which sets out policy for the period up to 2020. In 2000, the Russian government approved the main provisions of the Russian energy strategy to 2020, and in 2003 the new Russian energy strategy was confirmed by the government. The Energy Strategy document outlines several main priorities: an increase in energy efficiency, reduced impact on environment, sustainable development, energy development and technological development, as well as an improved effectiveness and competitiveness.

Russia, one of the world's two energy superpowers, is rich in natural energy resources. It has the largest known natural gas reserves of any state on earth, along with the second largest coal reserves, and the eighth largest oil reserves. Russia is the world fourth largest electricity producer after the USA, China, and Japan. Russia is the world’s leading net energy exporter, and a major supplier to the European Union.

Renewable energy in Russia is largely undeveloped although there is considerable potential for renewable energy use. Geothermal energy, which is used for heating and electricity production in some regions of the Northern Caucasus, and the Far East, is the most developed renewable energy source in Russia.

On July 2008 Russia's president signed a law allowing the government to allocate strategic oil and gas deposits on the continental shelf without auctions.”[8]

References

• [8] http://en.wikipedia.org/wiki/Energy_policy_of_russia

Tune in tomorrow for Part 13 of SEatWtC!