Fsr Energy & Climate

In the framework of the 7th World Forum on Energy Regulation (WFER), ICER Women in Energy and FSR teamed up to ‘give a voice’ to women professionals actively contributing to the event. Aida Sitdikova is EBRD Director for Energy and Natural Resources for Russia, Caucasus and Central Asia. In this podcast, Aida explains the ‘energy transition’ in the Eurasian and Caucasus context. EBRD is committed to supporting a regional shift towards affordable, secure, reliable and sustainable energy despite the specific geopolitical context and constraints. However, fossil fuels are still largely used, have a strong political impact and represent large employment sectors for local populations. Therefore, transition in these countries will probably first move from coal to gas and only at a later stage to renewables. An example of this slow but steady transition is Kazakhstan. Financing the transition is also challenging: fossil fuels’ strong legacy, lack of infrastructure, affordability and poor education are only a few o