Natural Gas Critics Miss the Big Picture
Posted at 1:30 p.m. on Nov. 28, 2012
Michael Levi defends the recent boom in natural gas production, arguing that critics of exploiting this fuel need to be “realistic.”
“The world still generates 46 per cent of its electricity from coal, a figure that is projected to increase slightly over the next 25 years without any changes in government policies. Replacing coal-fired power stations with gas-fired equivalents slashes carbon dioxide emissions roughly by half… Alas, those who oppose natural gas on the grounds that all CO2 emissions are intolerable, are living in a fantasy world.”
“Abundant gas is good news in the foreseeable future: the US should be applauded for its gains, others should seek to emulate it, and all should use policy to encourage the replacement of coal with gas in the short term… But the parties should also agree that gas is far from a permanent climate solution. With that in mind, they should strengthen their efforts, individually and collectively, to promote innovation and development of cost-effective zero-carbon energy options.”