Executive Briefings

Demand for Natural Gas to Soar as Commitments to Reduced Greenhouse Gas Emissions Grow

On Dec. 12, 2015, at the United Nations' 21st Conference of the Parties (COP21) in Paris, negotiators from nearly 200 countries signed an ambitious agreement aimed at stemming global warming.

Demand for Natural Gas to Soar as Commitments to Reduced Greenhouse Gas Emissions Grow

To achieve these aims, developed and developing countries must substantially reduce their greenhouse-gas emissions. Yet, initial commitments are likely to fall short.

How might greater emphasis on emissions reduction affect demand for natural gas—a relatively clean-burning fossil fuel that is more economical than other fossil fuels in many sectors? Often called a “triple-A” resource because it is affordable, abundant and available, natural gas is projected to see the strongest increase in demand among fossil fuels over the next decade, with global demand rising at an annual rate of 1.4 percent, versus 0.5 percent for coal. But that estimate might be conservative if nations and industries turn more aggressively to natural gas to meet their emissions targets.

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To achieve these aims, developed and developing countries must substantially reduce their greenhouse-gas emissions. Yet, initial commitments are likely to fall short.

How might greater emphasis on emissions reduction affect demand for natural gas—a relatively clean-burning fossil fuel that is more economical than other fossil fuels in many sectors? Often called a “triple-A” resource because it is affordable, abundant and available, natural gas is projected to see the strongest increase in demand among fossil fuels over the next decade, with global demand rising at an annual rate of 1.4 percent, versus 0.5 percent for coal. But that estimate might be conservative if nations and industries turn more aggressively to natural gas to meet their emissions targets.

Read Full Article

Demand for Natural Gas to Soar as Commitments to Reduced Greenhouse Gas Emissions Grow