Sino-Russian New Energy Cooperation in the Context of “Dual Carbon” Goal

In view of the "double carbon" goal ("carbon peak and carbon neutrality"), green new energy cooperation between China and Russia is strategically important. This partnership is becoming a key driver for the formation of technological sovereignty in the low-carbon sector of Eurasia. The complementary advantages of the two sides' resource conditions, high political trust and the common goal of carbon neutrality by 2060 have created conditions for the two countries to expand green energy cooperation. In recent years, China-Russia energy trade in natural gas, renewable energy, nuclear energy and other energy sources has gradually increased, with the volume and types of cooperation expanding and energy cooperation projects making progress. However, China faces obstacles such as a low share of clean energy trade, lagging infrastructure development, international political influence, high energy market volatility, and an imperfect digital management system. To address these challenges, China and Russia need to further strengthen political mutual trust, while enhancing innovation in energy science and technology, expanding the depth of cooperation in the industrial chain, introducing innovative financial cooperation, and improving digital energy management capabilities to promote the green and diversified development of energy cooperation, thereby ensuring the sustainable development of the two economies and steady improvement. Successful implementation of this agenda will significantly contribute to achieving Paris Agreement goals and strengthen BRICS leadership in the global low-carbon transition.

China, Russia, energy cooperation, dual carbon, carbon peak, carbon neutrality