Head of Rosneft: developed countries contributes most to the climate crisis

Developed countries have contributed most to the climate crisis, accounting for the majority of emissions, said Igor Sechin, Chief Executive Officer of Rosneft, in his report “Energy transition and phantom barrels: abandon hope, all ye who enter here. Not everyone will be taken to the bright future of the global energy industry!”.

“Indeed, it is the developed countries, representing a minority of the world's population today, that have contributed most to the climate crisis”, stated Igor Sechin at the Energy Panel of the 27th St. Petersburg International Economic Forum.

To support his words the head of Rosneft noted that at the moment, according to the UN and non-governmental research institutes, developed countries account for 65% of the cumulative emissions produced over the last 200 years, and the world's 10% wealthiest population is responsible for half of all CO2 emissions. At that, the world's 1% wealthiest population accounts for twice as much carbon dioxide emissions as the poorest 50% of the world's population, and the entire African continent produces less than 4% of the world's emissions.

Igor Sechin underlined: “The energy transition should be well-balanced and focused on addressing the interests of the majority that will ensure the growth of energy consumption in the coming years, i.e. developing countries”.

He also noted that in order to achieve energy security, it is necessary to ensure the sufficiency, affordability and reliability of energy sources. In fact, today's consumers are concerned not only about emissions, but also about the security of energy supply from new sources, as well as the reliability and convenience of using new technologies. “Unfortunately, the current green transition strategy does not address these needs”, Igor Sechin said.

Information & Advertising Department
Rosneft
June 8, 2024