From The Energy Collective
The oil industry is pinning its hopes on natural gas. To hear oil executives tell it, natural gas is a veritable “bridge between a fossil fuel past and a carbon-free future,” as Bloomberg News put it recently.
It’s a story that makes sense on its face: natural gas emits about one-half of the carbon dioxide of coal and about three-quarters that of gasoline. Power plants can get more electricity per BTU of natural gas than coal, giving it a further advantage. And in an electric vehicle world, the future of gas could look bright.
But natural gas is not our climate savior. The fuel—which consists primarily of methane—is cleaner than coal and oil, but it is by no means carbon-free. For regions of the world potentially new to gas, expensive investments in pipeline or ocean transport and distribution infrastructure are required.
At best, any “bridge” that the fuel provides to a future where zero-carbon-producing power generation technologies take over is short and narrow. True, gas generation may help firm up intermittent renewables, but the goal would be to operate these as little as possible, minimizing the use of gas. And yes, gas could come back with success of carbon capture and storage (CCS), but advances in this technology have so far not panned out.
Are big investments in new gas infrastructure worth it if fully utilized for only 20 years or so? The gas bridge is getting shorter and narrower as we delay serious action on fighting climate change.