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29 Марта 2018
Foreigners

Hydrocarbons Should Make Room for Renewable Sources

Источник фото: finagent.am
Источник фото: finagent.am

Krasnodar, 29 March – Yug Times. G In Aleksandr Kareyevsky’s opinion, the current global macro-economic situation is alarming - but the Russian economy may avoid a catastrophe if it gets tuned to the actual trends well in time

Russian business analyst and stock market expert Aleksandr Kareyevsky gives a macroeconomic forecast of global developments.

Kareyevsky is known to broad audience first of all as the anchorman of the weekly business program Geo Economy broadcast by the Rossiya 24 TV channel, and an analytical program of Vesti FM radio station.

Last week, he came to Krasnodar to take part in a conference held under the intriguing title “The 2018 economy: a ‘full-length’ conversation “ devoted to the ever changing energy and finance trends.

“Some of my colleagues quite often predict that economic apocalypse would happen soon,” said Kareyevsky. “But they do it just to impress their audience. I don’t like this approach, because it wrongly reflects the emerging economic situation and calls forth panic sentiments in the business circles. Nonetheless, now we stay on the verge of an ideal storm - it will not sweep off the economy but will significantly correct it.”

In Kareyevsky’s opinion, what we are currently observing is the beginning of the decline of the era of oil and gas domination in the energy market. The process is driven by active technological advancement. The main question is when the paradigm of economic development will finally break apart. The current broad transition to renewable energy sources and governmental stimulation of development of environmentally pure vehicles are definitely brining the hydrocarbons epoch to an end. All leading car manufacturers are actively developing battery cars. By 2050, their share in the global car fleet may reach 30%.

At the same time, the expert believes that oil and gas will continue to dominate in the global energy market over the nearest decade.


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