BASHKORTOSTAN AND THE ARAB WORLD: INVESTMENT AND TECHNOLOGY HUB PROSPECT

Abstract

The article is focused on the influence of the climate agenda on the policy of Arab oil-producing countries and the prospects for cooperation with them of Russia in general and Bashkortostan in particular. The authors investigate the transformation of the climate agenda into a mechanism used to compensate for the growing geopolitical influence of Arab oil-producing countries, including trends formed by global climate agreements to abandon hydrocarbon fuels and divestment in the oil industry. The article analyzes the new types of risks that have appeared in the oil in-dustry in recent years and are tied to the climate agenda. Fundamentally new mo-ments in the policy of the Persian Gulf countries in 2022 are revealed: an attempt to promote their own version of the climate agenda and «Net zero» concept. The pros-pect of changing the role of Arab countries in the global climate agenda is assessed in the light of the fundamental changes in the world order in 2022.

Keywords

• world-class research center
• investment and technology hub
• greenhouse gas emissions
• climate policy
• paris agreement
• opec
• «net zero» concept
• international energy agency