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    Unlocking Gas Cleantech’s Economic and Environmental Potential

Summary

By 2040, gas cleantech and innovation could reduce energy sector carbon emissions by a third.

by: IGU - International Gas Union

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Complimentary, NGW News Alert, Global Gas Perspectives, Insights

Unlocking Gas Cleantech’s Economic and Environmental Potential

Meeting the energy needs of the world’s expanding population sustainably, while fuelling economic growth and prosperity is one of the greatest challenges of our time. 

The energy transition needs to deliver an affordable, resilient, secure and sustainable energy system, reducing greenhouse gas (GHG) and air pollutant emissions. In this process, it also needs to expand access to clean and modern energy to those who do not have it. This challenge can only be met with a well-rounded combination of policy measures and sustained investment in cleantech. Renewable energy and natural gas are critical pieces of that combination.

Gas is particularly well placed to support this transition as the least carbon intensive hydrocarbon, which offers high efficiency, flexibility of use, availability on demand, and secure access. In fact, technologies and innovation in the gas sector could have a transformative impact on global energy systems. There is a vast array of gas technologies, ranging from highly mature to nascent, whose deployment has the potential to economically reduce one third of emissions from the energy sector by 2040.

Together, the Paris Agreement and the 2030 Agenda are the world’s most ambitious commitments to solving this century’s biggest double challenge: fair development and climate change. Today, the world is not on track to solve it. Gas technologies can play a decisive role in support of the two agreements, by enabling action on climate change, by promoting sustainable cities and communities, and by providing access to clean and affordable energy.

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