Thursday, November 28, 2019
The latest World Economic Outlook 2019 (WEO) from the International Energy Agency (IEA), published on November 13, suggests that achieving emissions targets will require gas to be a transition fuel, not a lasting solution. This will reduce investment in long-term projects involving combined cycle gas turbines and gas infrastructure.
- Growing concern about the emissions damage from increased gas use will encourage the development of alternative low-carbon technologies.
- Less investment in gas projects could create energy deficits unless renewable energy capacity and electricity grid construction increase.
- Impetus will grow to develop large carbon capture and storage (CCS) projects.