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

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30