Abstract

Influenced by the changing global energy landscape and low-carbon transition, Russia is changing its energy development model from “commodity-based” to “innovative,” making supplying hydrogen and Arctic oil and gas exports an important part of its low-carbon transition in order to maintain a leading position in energy trade. The article attempts to analyze the prerequisites, advantages, and challenges faced by Russia in the low-carbon energy transition, as well as the current situation, prospects, and challenges of Russian-Chinese cooperation in the energy transition, in order to develop proposals for energy cooperation between the two countries. It is assumed that with the opening of Arctic sea routes, the Asia-Pacific region, represented by China, will become an important target region for Russian oil and gas exports. Energy cooperation is an important link in the strategic cooperation between China and Russia. There is considerable complementarity between Russia and China with regard to the transition to low-carbon energy and the development of clean energy sources. But with the international concept of low-carbon development improving, China-Russia energy cooperation faces a number of challenges, and the traditional energy industry chain and supply chain are experiencing great impacts. The two countries need to strengthen cooperation on green and low-carbon energy transformation based on carbon reduction and energy efficiency, jointly develop crossborder carbon regulation mechanisms, and actively promote global energy management.

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