Ilya Torosov, the First Deputy Minister of Economic Development of the Russian Federation, outlined a clear plan to boost the country’s renewable energy capacity. He stated that Russia aims to raise installed capacity from 6 GW to 12 GW by 2030, signaling a strong commitment to expanding green power. His remarks were carried by TASS and reflect a broader strategy to accelerate the transition to cleaner energy sources while sustaining economic growth.
Torosov highlighted a rise in the share of green energy within Russia, projecting an increase from 37.8 percent in 2023 to 39.7 percent in the current year. He emphasized that roughly half of this growth would come from doubling production across renewable energy facilities, underscoring a pragmatic approach that prioritizes scalability and reliability. As part of the financial framework, he announced a guaranteed return on investment from state support amounting to 175 billion rubles, a policy move designed to attract private capital and stimulate project development across the sector.
Meanwhile, a global perspective on renewable energy development was offered by Olaf Scholz, the former German chancellor. He expressed the view that the world should strive to triple its renewable energy potential by 2030, a target he presented at the 28th Conference of the Parties to the UN Framework Convention on Climate Change. Scholz stressed the importance of doubling energy efficiency by 2030 and pointed to the accelerated pace of renewable resource expansion in Germany as evidence of moving toward that goal. His remarks reflect a broader international consensus on the critical role of renewables in meeting climate and energy security objectives.
In another development, France moved forward with exploration licensing that permits natural hydrogen deposits to be investigated. This milestone marks an effort to broaden the spectrum of renewable resources under evaluation, alongside more established technologies. The move signals a growing interest in unconventional energy sources and the potential for hydrogen to contribute to future energy portfolios as countries seek to diversify their energy mixes and reduce carbon intensity.