6 Dec 2023 14:40

Cutting CO2 emissions by switching from coal to gas 94% cheaper than switching to renewables - Gazprom

DUBAI. Dec 6 (Interfax) - The per unit cost of reducing greenhouse gas emissions by converting coal-fired power plants to gas is many times lower than switching to renewable energy sources, the deputy CEO of Russian gas giant Gazprom, Oleg Aksyutin said.

"Natural gas is the basis for the sustainable, prosperous socioeconomic development of the Russian economy. Using natural gas has a number of advantages over other fuel resources in all key sectors," Aksyutin said at a session at the Russian pavilion at the UN COP28 climate conference.

"For example, reducing emissions by one tonne of CO2 by switching from coal to gas is 17 times cheaper than switching to renewable energy," he said.

The presentation for Aksyutin's talk said that cutting emissions by the equivalent of one tonne of CO2 costs 100 rubles when switching from coal to gas and 1,700 rubles when switching to renewable energy sources.