FNEB Director Simonov on the crisis: it can be avoided without mixing energy and politics 
Avoiding the global economic crisis amid the energy crisis in Europe it is possible by stopping the confusion of energy and politics, which largely determines the climate agenda. This was announced by the director of the National Energy Security Fund (NESF) Konstantin Simonov, quoted by Rossiyskaya Gazeta.
He recalled that the developed reserves on the ground are limited and concentrated in several countries.
< p>According to Simonov, a rise in prices for almost all rare earth metals used in renewable energy, including lithium and cobalt, and the forced introduction of renewable energy sources (RES) can lead to a global crisis. If the forced introduction of renewable energy does not stop, the world may face “new rounds of the energy crisis, each of which will be stronger than the previous one.”
Simonov explained that renewable energy requires resources from which wind turbines and solar panels are made. Wind turbines are 70 percent composed of metals and alloys, and solar panels are made of silicon, so their rise in price will affect the cost of generating new renewable energy facilities. At the same time, the reasons for the rise in prices for components for renewable energy sources lie in the rejection of coal, oil and gas, so a reasonable, balanced approach is needed.
Valery Andrianov, director of the Financial University under the Russian government, also agrees with Simonov's opinion. According to him, many projects in the field of renewable energy sources may be under threat. “Almost all rare earth metals and other elements that are used in renewable energy and electric transport have risen in price,” Andrianov emphasized. Particularly painful, he said, is the rise in the price of rare earth metals for the production of electric vehicles. At the same time, China owns a significant part of the strategic rare earth metals, which leads to the dependence of the world electric vehicle industry on the PRC.
At the end of October, President Vladimir Putin instructed the Cabinet of Ministers to find ways to neutralize the negative consequences of the European energy crisis for Russia. Among other things, the head of state mentioned the risks of destabilizing the markets for nitrogen fertilizers and food. Deputy Prime Minister Alexander Novak also warned about a possible rise in food prices.