🇪🇺 The European Union’s Green Deal must be criticised for three reasons:

▪️ it is dogmatic, because it does not provide for alternative scenarios;

▪️ it is economically highly problematic, because it burdens industry in Europe with costs and uncertainties and therefore restricts its international competitiveness;

▪️ it is technologically immature and unrealistic: neither the market-ready technologies nor the financial means to implement the Commission’s goal of reducing net greenhouse gas emissions to zero by 2050 are available.

Pursued under the concept of the Green Deal, the energy transition has been one of the strongest and most damaging factors influencing the economy of the Federal Republic of Germany, and therefore the economy of Europe. This policy is primarily being pursued by Ursula von der Leyen’s European Commission and Olaf Scholz’s cabinet.

Any measure that hinders the supply of affordable energy to Europe, such as the continuation of sanctions or a premature withdrawal from long-term gas supply contracts, will cause massive damage to the European economy and set the EU back by years, if not decades, Ulrike Reisner writes.

https://valdaiclub.com/a/highlights/the-dark-side-of-brussels-energy-policy-the-green/

🖇️ Earlier this year, we published the first and the second part of this analysis.

#GlobalAlternatives #EU #energy

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📆 ANNOUNCEMENT: On October 18 at 11:00 a.m. Moscow time, the Valdai Club will host a presentation of the new report “BRICS+ Energy: A Mover for the New World Order” on the eve of the BRICS summit in Kazan, Russia. 

At the meeting in Nizhny Novgorod as part of the current Russian chairmanship, the BRICS foreign ministers agreed to develop mutual energy cooperation. In a joint statement, they emphasised that universal access to energy resources is the most important foundation for economic development, social stability, national security and the well-being of all countries.

❓How will joining the community of Middle Eastern powers change the balance of power in the energy market?
❓What are the prospects for BRICS consolidation in energy?
❓What role will the energy agenda play at the upcoming summit in Kazan?

The author of the report and the participants in the discussion will try to answer these and other questions.

🎙️ Speakers:

🇷🇺 Alexey Grivach, Deputy Director General for Gas Problems of the National Energy Security Fund (NESF) (author of the report)

🇮🇳 Nivedita Das Kundu, Professor, Faculty of International Relations, Uzbekistan State University of World Languages  

Moderator:

🗣 Ivan Timofeev, Programme Director of the Valdai Discussion Club

https://valdaiclub.com/events/announcements/valdai-club-to-present-a-report-brics-energy-a-mover-for-the-new-world-order/

Working languages: Russian, English.

ℹ️ Information for the media: In order to get accredited for the event, please fill out the form on our web site. If you have any questions about the event, please call +79269307763

Links to the live broadcast of the discussion will be posted on all online platforms of the Valdai Club: on the website, X (formerly Twitter), VK, Telegram and Dzen. 

#Multipolarity_and_Connectivity #BRICS #energy

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🔋 Even in the original five-country format, BRICS looked like a formidable energy conglomerate.

It included the world’s largest hydrocarbons exporter (Russia) and the largest consumer of energy resources (China). After the expansion on January 1, 2024, the group emerged as a real energy giant.

With the addition of the three hydrocarbon powers, BRICS now holds about 40 percent of the world’s proven oil reserves and more than 50 percent of gas reserves. On the demand end, the group accounts for 47 percent of the planet’s primary energy consumption, almost 50 percent above that of the G7 countries (including the European Union).

It is a hard fact that the centre of energy consumption is shifting from the developed countries, united under the G7 brand, to the so-called ‘emerging markets.’ But the scale of that transformation over the last thirty years has been truly monumental, writes Alexey Grivach, the author of a new #valdai_report “BRICS+ Energy: A Mover for the New World Order”.

https://valdaiclub.com/a/reports/brics-energy-a-mover-for-the-new-world-order/

⏰ The presentation of the report will take place today at 11:00 a.m. Moscow time. Watch the live broadcast on our website.

📑 Report “BRICS+ Energy: A Mover for the New World Order” in PDF

#Multipolarity_and_Connectivity #BRICS #energy

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🎥 LIVE: at 11:00 a.m. Moscow time, the Valdai Club will host a presentation of the new report “BRICS+ Energy: A Mover for the New World Order” on the eve of the BRICS summit in Kazan, Russia. 

https://vk.com/video-214192832_456239211

📑 Report “BRICS+ Energy: A Mover for the New World Order”

#Multipolarity_and_Connectivity #BRICS #energy #valdai_report

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🗣 On October 18, 2024, the Valdai Club hosted a presentation of the new report “BRICS+ Energy: A Mover for the New World Order” on the eve of the BRICS summit in Kazan, Russia. 

📷 Photo gallery

🎥 Video

📑 Report “BRICS+ Energy: A Mover for the New World Order” in PDF

#Multipolarity_and_Connectivity #BRICS #energy #valdai_report

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🤝🔋 Energy Cooperation within BRICS: Revolutionary Resistance

On October 18, on the eve of the BRICS summit in Kazan, the Valdai Club hosted a presentation of a report titled “BRICS+ Energy: A Mover for the New World Order.”

💬 Ivan Timofeev, the moderator of the discussion, noted that although the BRICS agenda is quite broad, energy occupies a special place in the group’s agenda, since Russia is the largest supplier of energy resources, and India, China, and Brazil are dynamically growing economic giants that need larger volumes of supplies. The international situation is also favourable for expanding energy cooperation between the group’s countries.

💬 Alexey Grivach, Deputy Director General for Gas Problems of the National Energy Security Fund (NESF) and author of the report, pointed out that the centre of energy development is shifting toward the Global South, particularly the Asia-Pacific region and the BRICS countries. More than thirty years ago, the "collective West" thought that it had won once and for all and that history had ended. However, life has shattered this illusion, and now the BRICS countries are defending their positions in the world. The rate of economic growth in most BRICS countries is also higher than in the West.

In addition, BRICS is a serious energy conglomerate, which has further strengthened its position after expansion. Electricity production, which can be considered a measure of economic power, has grown in the group's countries almost five-fold. He added that in the context of sanctions pressure, the BRICS countries and all countries that want to develop without heeding the dictates of the West are faced with the task of building infrastructure, institutions, and instruments for energy trade. “Our resistance must grow, and this should become one of the main areas of BRICS’ work,” the author of the Valdai Club report believes.

💬 Nivedita Das Kundu, Professor at the Faculty of International Relations at the Uzbekistan State University of World Languages, briefly outlined India’s approach to energy cooperation within BRICS. In her opinion, the topic of the report is “very significant.” The global balance of power is now shifting towards developing economies, and this affects the political and geostrategic situation around the world, she said. Energy cooperation among BRICS member countries serves to break the Western monopoly and hegemony and advances the multilateral agenda. Das Kundu acknowledged that the BRICS group has now adopted a certain anti-Western attitude, and this raises certain concerns for India, which fundamentally adheres to a neutral position and does not want to join the blocs. However, she called the emergence of BRICS+ a good step that facilitates the transition to a new world order.

https://valdaiclub.com/events/posts/articles/energy-cooperation-within-brics-revolutionary-resistance/

#Multipolarity_and_Connectivity #BRICS #energy #valdai_report

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🔋 Energy for the Global South

The Global South is the socio-economic and political definition used to describe developing countries. These states are rich in a wide variety of resources, both fossil and renewable. The leaders in electricity generation among the Global South are China, India, Brazil, Saudi Arabia, Iran and Mexico. However, there are constraints to the development of green energy. You can find out which ones and how these challenges are being addressed in our infographic.

#valdai2024 #valdai_infogaphics #energy #GlobalSouth

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