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Geology of the Future

Research
5 February 2018

Current trends show that in the future the world will become much more volatile, urbanised and mobile. Now, we can say that the next consumer revolution will take place in 2025-2035, as a result of which the consumption of energy and key mineral materials will grow. The role of the geological industry as a whole will increase significantly.

The geological industry creates the basis for industrial development and is one of the economy drivers. Geology is developed in close connection with global processes that change the modern world. For Russia, this industry is one of the most significant, its development directly relates to the protection of state interests. This sphere is one of the main sources of income of the state budget of the Russian Federation.

International cooperation of public and private companies in the field of geological exploration creates a strategic basis for further development of interstate relations. In addition, geology is one of the most knowledge intensive branches of the economy, it has a high innovative potential. This sphere is not only a source of substantial income, but also creates a large number of jobs, which also has a favourable effect on the economy of the state.

The geological industry has broad prospects for development. Despite the existing world trends associated with the transition from traditional energy sources, statistics show that global energy demand will only grow by 2030. However, it is traditional energy sources which are expected to grow. Thus, the development of this sphere will become even more important.


Anlytics on the topic

All analytics
Research
17 August 2018
Let's not exaggerate: Southern Gas Corridor prospects to 2030

This analytical report by The Oxford Institute for Energy Studies explores potential supply sources, demand issues, transportation problems, and the conditions under which Southern Corridor gas will compete with other supply in the European market.

Analytical digest
14 October 2019
Outcomes of the ‘Arctic: Territory of Dialogue’ International Arctic Forum 2019

In this analytical digest, the Roscongress Foundation summarizes the results of the 5th International Arctic Forum which was held on 9-10 April 2019 in St. Petersburg.

Expert opinion
6 September 2018
“Ideas themselves are worth very little”

One of the key themes of EEF 2018 is the digital economy. Alexander Galitsky, founder of venture fund Almaz Capital and one of the bestknown entrepreneurs in the Russian IT industry, discusses whether it has become more difficult for Russian companies to break into the international market, the culture of buying innovation in Russia, and why blockchain is the future.