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Kremlin aide says Germany automobile industry plight reveals green shift risks

Russian industry may suffer the fate of automobile makers in Germany, which have actually shed tens of thousands of tasks, if it moves too fast to change fossil fuels, a Kremlin advisor said on Wednesday.

The Russian Federation supports a steady transition, a. steady transformation, so as to avoid shock situations on the. energy markets, industrial markets, Kremlin environment envoy. Ruslan Edelgeriyev informed a conference in Sochi, southern Russia.

Overlooked aspirations harmed Germany's vehicle industry,. he said, speaking five days before the next U.N. climate change. conference begins in Baku, Azerbaijan.

Russia is the world's biggest exporter of natural gas and. second exporter of oil. It is one of the world's leading carbon. dioxide emitters in addition to China, the United States and India.

Russia signed up with the Paris climate modification pact in 2019, which. commits countries to setting targets every 5 years to suppress. greenhouse gas emissions. It has faced - and turned down -. criticism from the United States that it is not doing enough.

A 2050 due date to halt net carbon emissions - a procedure in. which forests, hydro and nuclear energy are planned to play key. functions - is extensively mentioned as necessary to avoid the most severe. global warming; Russia and China have actually both devoted to a 2060. target instead.

The transformation of the German vehicle industry could cause. 186,000 tasks losses by 2035, of which roughly a quarter have. already occurred, a research study commissioned by the VDA auto industry. association released showed last month.

The 46,000 tasks currently lost in between 2019 and 2023 were due. generally to the shift to electrical cars, according to the. research study carried out by research study institute Prognos.

(source: Reuters)