New research finds the increased build-out for LNG terminals could add more than 100-million tonnes of carbon emissions a yearLondon/Houston — Access to cheap natural gas has helped displace coal and cut greenhouse gas emissions — but it’s also incentivised a massive build-out of fossil-fuel infrastructure along the US Gulf Coast that one study says could increase carbon emissions by half a billion tonnes a year.
Natural gas is frequently lauded as a “bridge fuel” — a substitute for coal and other dirtier energy providers until cheap energy storage makes solar and wind power as flexible a source of energy as fossil fuels. But many environmentalists and some policymakers argue that building costly new infrastructure further commits the US to fossil-fuel dependence at a time when climate change requires a dramatic move towards lower-carbon energy sources.
“The big insight here is that the change in the price of natural gas changes the incentives to invest in some types of downstream infrastructure,” Andrew Waxman, assistant professor at the University of Texas at Austin and lead author of the latest study, said in an interview. “Having taken apart the UN
There are, of course, limitations to that approach. The study’s estimates include projects that are proposed but may not be built. That’s particularly relevant for LNG export facilities, many of which are unlikely to ever get built as their developers struggle to convince overseas buyers to sign long-term contracts required for financing.
Source: Energy Industry News (energyindustrynews.net)
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