Moscow–Before the federal elections, the German-Russian Chamber of Commerce Abroad (AHK) is in favor of intensifying cooperation between Germany and Russia in the field of alternative energies.
“We urgently need a pilot project for green hydrogen, which is manufactured in Russia with its enormous resources and delivered to Germany,” said Matthias Schepp, Chairman of the Board of the AHK and delegate of the German economy in Russia, at this year’s Baltic Region Investment Forum (BRIEF) in St. Petersburg, one of the most important economic forums in the Baltic Sea region.
In a position paper on climate and sustainable development, the AHK advocates German-Russian cooperation on hydrogen, which can help diversify energy imports and become a new model for a climate partnership with the EU. Production, transport and storage of hydrogen offer great potential for technology exchange between the two countries, it says.
Nord Stream 2: natural gas as a bridging technology
“The task now is to continue the energy partnership between Russia and Germany, which has been successful for decades, in the field of renewable energies in the 21st century,” said AHK boss Schepp. Against the background of the Green Deal, which is supposed to make the EU climate neutral by 2045, natural gas is also necessary as a bridging technology. “The Nord Stream 2 natural gas pipeline offers the best conditions for the future, including possible transport of hydrogen.”
Russia’s importance is increasing
The current business climate survey of the AHK among its 1000 member companies shows cautious optimism that a rapprochement can also take place between the EU and Russia in the field of climate policy. 52 percent of the companies surveyed assume that Russia’s importance as an energy partner of the EU will increase or remain the same.
Overall, German companies see Russia as being of growing importance for their own company in the long term. Only 10 percent fear a downward or strong downward trend. 53 percent anticipate increasing or strongly increasing importance, 38 percent expect the importance to remain unchanged.
Investments despite Corona and sanctions
In the first half of 2021 alone, the German economy invested a net 1.3 billion euros in Russia despite Corona, sanctions and political difficulties. The strong growth at the AHK, which has grown by more than 20 percent to over 1000 members in the past four years, also reflects the high level of interest German companies have in the Russian market.
German-Russian Chamber of Commerce Abroad (AHK) c / o Worldwide Courier GmbH