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09.02.2024 (Обновлено: 13.02.2024 09:41)

Arzybek Kozhoshev: "The issues of transition to low-carbon development, decarbonization and priority of the climate agenda are of mutual interest for the EAEU countries and the Republic of India"

The prospects of the Eurasian integration in the field of energy resources were announced by Arzybek Kozhoshev, Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission, at the International Forum "Indian Energy Week – 2024", which takes place from February 6-9 in Panaji (Goa, Republic of India).

 


The EEC Minister presented at the forum the Eurasian Economic Union and its permanent governing body, the Eurasian Economic Commission. He mentioned briefly the current situation in the global energy and its impact on the Union's energy sector, as well as communicated to the forum attendees of the work carried out by the EEC in the energy sector in terms of establishing the Union's common markets for energy resources.

In his speech, Arzybek Kozhoshev outlined the situation with the use of renewable energy sources, the need for decarbonization of the energy sector and the introduction of joint low-carbon technologies within the EAEU.

"The development of renewable energy sources, low-emission (nuclear and hydrogen) energy, as well as the issues of achieving carbon neutrality and environmental protection are on the list of tasks facing us. Along with that, the EAEU has all the prerequisites for implementing these directions," the EEC Minister believes.

At the forum's venue, Arzybek Kozhoshev held a meeting with Hardeep Singh Puri, Minister of Petroleum and Natural Gas, Housing and Urban Affairs of the Government of the Republic of India. During the meeting, the EEC Minister got acquainted with India's achievements in terms of diversifying its energy sector to combat climate change, commitment to sustainable economic development and progress in achieving this overarching goal.

"Given that India is the third largest and fastest growing energy market in the world, the fastest growing major economy and a powerful oil-refining centre, the importance of this work can hardly be overestimated," the Eurasian Minister stressed. 

The discussion underlined the importance of joint development of clean energy programs that will minimize climate risks to ensure sustainable economic growth of our States.

The EEC Minister also noted the movement of modern traffic flows towards South-East Asia and the East, and the emergence of new opportunities for transport development amid global geopolitical changes, which would ensure the sustainability of land and maritime communications.

Following the meeting, the Ministers expressed hope for further development of fruitful cooperation between the Republic of India and the Eurasian Economic Union in the energy sector. In turn, the EEC Minister invited his colleague to the annual Eurasian Economic Forum.