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Jan 9, 2022
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Saxo Bank expects to redefine approaches to energy amid the global crisis


The global energy crisis of 2021 forced us to reconsider approaches to the environmental assessment of energy. This was stated in an interview with RIA Novosti by the investment director of the Danish Saxo Bank Steen Jacobsen.

In his opinion, the consequence will be atomic energy as green, and gas will receive the status of semi-pure. At the same time, the relevance of fossil fuels will remain for a long time, the expert believes.

“Fossil fuels will remain relevant for much longer than people think, and this is the lesson we have learned from 2021. There is a mismatch between the amount of electricity we need to produce and how we produce it. The idea that we can replace fossil energy with renewable energy sources is technologically imperfect, but in terms of stability, as 2021 showed us, it does not work as we would like, ”says Jacobsen.

The European Commission has already submitted a draft law that envisages declaring nuclear and gas energy companies green.

Igor Yurgens, Chairman of the Board of the Institute of Contemporary Development, previously spoke about the lack of funds in Russia to fully implement the initiatives related to the energy transition. It is 48 trillion dollars, quoted by the Federal Press.

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