Gas the Way to Meet EU Carbon Targets

Europe could save €900bn (£762bn) and still hit its 2050 carbon reduction targets if it built fewer wind farms and more gas plants, a coalition of gas producers has told the European commission.

The industry is lobbying against the possibility of the commission setting new renewable energy targets and phasing out the use of gas. Next month, it will publish a draft "road map" energy strategy to 2050.

The Guardian obtained a copy of an unpublished report by consultancy McKinsey, commissioned by the European Gas Advocacy Forum, which describes gas as a clean, plentiful and relatively cheap form of energy.

It challenges the idea that renewable forms of energy should be the primary way to cut emissions.

The McKinsey report also said Europe's own largely undeveloped shale gas resources could meet the continent's needs for 30 years based on current demand.

Read the Full Article from The Guardian HERE

/