Decarbonization of the oil and gas complex in the Arctic: a conscious necessity or a scientific myth?

A. M. Fadeev (), A. A. Ilyinskiy () and M. V. Afanasiev ()

Russian Journal of Industrial Economics, 2025, vol. 18, issue 2

Abstract: The end of the last century and the beginning of the 21st century were marked by the emergence of a new scientiï¬ c trend in the scientiï¬ c community which attracted the attention of many professional teams all over the world. This was a trend of reducing carbon emissions that is formed during the burning of fossil fuels. Such scientiï¬ c trends have gained signiï¬ cant support in the majority of the world countries becoming a mainstream, a major scientiï¬ c course leading to the “decarbonization of the economy†concept. Reduction of carbon emissions was considered to be one of the main ways to ï¬ ght climate change as carbon in the greenhouse gas emissions is one of the main elements that destroy the ozone layer of the atmosphere. Without denying the negative impact of any emissions into the atmosphere connected with the work of industrial companies that use natural fuel as the main source of energy, the results of some research began to question the negative effect of atmospheric emissions from natural fuel combustion: the process of climate change occur on our planet cyclically. And “decarbonization of economy†has become a tool of geopolitical struggle for global markets for goods produced with the help of “clean fuel†. The purpose of the study is to systematize the views on the causes of the climate change that comes as a result of the carbon emissions from industrial enterprises, and to carry out an objective analysis of geoeconomical and geopolitical reasons for the need to organize projects of decarbonization of the oil and gas complex, especially when realizing energy projects in the Russian Arctic. This issue is of special relevance to the Russian Federation which possesses the world largest reserves of traditional energy sources in the Arctic zone.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2025:id:1441

DOI: 10.17073/2072-1633-2025-2-1441

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