GAS SCARCITY: Europe’s duplicity and need for just global transition

So far, the European Union has pledged to set out recommendations for member states including compensation for vulnerable households, tax cuts and state aid for companies. The French government has offered to protect drivers with a temporary freeze on gas prices and a tax cut on electricity bills.

But at the same time, these reactions also underscore other important and sometimes inconvenient truths about the need to fight climate change and poverty together and the importance of putting equity and justice in center of the global green transition project which citizens and governments of rich countries so often fail to appreciate.

However, such pleas have been dismissed as a sign of lack of commitment to green transition and several rich countries and international development finance organizations have made clear their intention to end all new funds allocated to gas projects.

Only last month it was announced that Russia and EU have completed a 1,200km subsea pipeline to convey gas worth of up to 110bn cubic meter per annuum to EU while another major gas pipeline that will supply China is ongoing. In the US natural gas share of the total energy supply mix in 2017 stood at 40% with renewable energy contributing only 19.8% of energy generated in the country.

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