Outstanding quotes from SPIEF 2022: Forum participants on energy and ecology

In this publication, Accenture studies how the oil and gas industry fundamentals are changing as energy systems are rapidly becoming decarbonized.

The call of economic growth and economic development requires diversification of different types of fuel used in car industry, marine and railway transportations. By the volume of stocks, maturity of technology, influence on ecology, self-cost for final customers gas fuel has a lot of advantages in front of hydrogen fuel and electrical engines and gas fuels can be most demanded fuel for the nearest decade. Low cost can be the basis for economic growth compensating growing cost of petrol and diesel fuel. Additional positive effect is safety for ecology. Major problems the industry of gas fuel encounters are in poor infrastructure, insufficient legislation and high cost of gas engines. Future development of gas fuel industry is only possible with state-based subsidiaries with priority to development of infrastructure.

This report presents the results of the 2018 Arctic Monitoring and Assessment Programme (AMAP) second assessment that deals with ocean acidification from an Arctic-wide perspective and complements several assessments that AMAP has delivered over past years.