NEW YORK (Realist English). Diversification of national economies requires infrastructural and technological development, which is impossible without an access to financial resources, in particular, to foreign direct investments, stated Senior Counsellor, Head of Economic SectionEvgeniy Varganov.
“Unfortunately, recently, it is precisely the provision of access to finance and technology that has become an instrument of sanctions pressure from the Western countries. Moreover, Russia is now accused of having provoked the food and energy crises. This is not true. We are convinced that cancellation of unilateral coercive measures imposed on our country will relieve tension in transport, logistics and financial connectivity, ensure our uninterrupted supplies and stabilize international commodity markets.” pointed out the Russian diplomat.
Varganov believes that as long as the United States and its allies do not abandon the use of sanctions to promote their own geopolitical agenda, there is no need to talk about a qualitative structural transformation of developing economies.
Speaking about the problem of energy transition, he noted:
“We believe that energy transition issues should not be based on the priorities and approaches of a small group of countries. All states, especially developing ones, should be fully involved in the climate agenda development.”
He drew attention to the fact that developed countries are aggressively promoting their own decarbonization recipes due to the complete abandonment of fossil resources and the accelerated introduction of renewable energy sources.
Energy transition is a change in the structure of energy consumption, rejection of the use of some types of fuel in favor of others.
“International financial organizations are raising the issue of stopping financing projects that imply the use of fossil fuels. But the achievement of the SDG 7 is still not possible without the use of the traditional sources of energy. In this situation, developing countries lose their opportunities to access financial resources. At the same time, the Western countries are cutting investment in fossil fuels, thereby artificially reducing supply in the global energy market. This leads to speculative price fluctuations in commodity markets, which negatively affects both their consumers and their producers. The most vulnerable and poorest countries are hit hardest.” the diplomat concluded.
The 26th UN Climate Change Conference was held in Glasgow from October 31 to November 12, 2021. The event brought together 120 world leaders and more than 40 thousand registered participants. For two weeks, the world’s attention was focused on all aspects of climate change: scientific achievements, decisions, political preparedness to take action and visual evidence of countering climate change.
The participants of the conference strengthened the basis with new elements, which allowed for moving forward in the implementation of the Paris Agreement through measures capable of putting the world on a more sustainable, low-carbon path of development.
In December 2021, Aide to the Secretary of the Security Council of the Russian Federation Alexey Pavlov said that the transition to the use of renewable energy sources in the world is not yet synchronized with the level of development of necessary technologies.
