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Publish date: November 23, 2008
News
Ferrero-Waldner together with the Joe Borg, the European Commissioner responsible for Fisheries and Maritime Affairs presented the European Commission arctic policy as developed by the EC.
The policy underscored that the work of Russian and American scientists confirm that some 25 percent of the worlds untapped oil reserves are in the Arctic, RosEnergy said.
“Of course, these resources for the most part are located in the economic zones of Russia and the United States, so it is all the more important today to develop single international norms for developing these resources and defending the environments,” said Ferrero-Waldner.
“Today, it is critically necessary to develop a dialog between all countries that wish to participate in developing Arctic resources,” Ferrero-Walder was quoted as saying by RosEnergy.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.