Gas a bridge to nowhere
The fuel without a CCUS solution is reaching a “dead end” in the energy transition debate, warns the head of a bonds market non-profit
The role of gas as a transitional fuel is increasingly under question as pressure to reach Paris Agreement targets mounts, with projects that do not envisage any type of CO2 sequestration looking increasingly like a “dead end not a bridge” to the low-carbon future, Sean Kidney, CEO of the Climate Bonds Initiative (CBI) tells Petroleum Economist. “The window to do gas unabated has closed” says Kidney, on the sidelines of a climate change financing event organised by the European Bank for Reconstruction and Development (EBRD). “We thought we could use gas as a transitional fuel, but remember that, if we build a gas-fired power plant, it has a 15-year lifespan, probably longer for all the othe
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