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Natural gas to become world’s second-largest energy source by 2030
Posted: Nov 23, 2018
There was something for everyone in the most recent global energy perspective of the International largest energy source (IEA), but coal and renewable energy and oil and gas supporters are likely to eliminate erroneous messages.
The full report, published on November 13, described the future of energy as natural gas exceeds coal by 2030 and will become the world's second-largest energy exporter.
There has also been positive news about renewable energies, with the agency forecasting that this sector will exceed coal in power generation by 2040 with just over 40%.
Even if this sounds like bad news about coal, the International Energy Agency (IEA) continued to believe that the use of highly polluting fuels will remain largely constant during the forecast period, as gains in Asia and China are offset by declines in Europe. And North America.
If these expectations are true, then coal-exporting countries concentrated in Asia, such as Australia, Indonesia and South Africa, can expect years of strong demand.
However, there were warnings in the report that the reality of the next two decades of global energy consumption may be quite different from expectations.
The first is that carbon emissions continue to grow in the main scenario of the largest energy source in a "slow upward trend" until 2040, which will be "a very asynchronous path with what scientific knowledge says will be necessary to cope with climate change."
The continuation of this idea was a recognition that government policies around the world would drive the future of energy production and consumption.
"The policies and preferences of the government will play a crucial role in shaping where we are going from here," the IEA said.
This is where the tide seems to be changing in favor of stronger action to mitigate climate change, especially in countries like China and India, where energy demand is expected to grow strongly.
The two most populous countries in the world are struggling with air pollution, largely due to coal burning in energy and industry, as well as increased vehicle emissions, with the emerging middle class buying more cars.
China has already implemented strict policies to reduce air pollution during the winter, such as closing steel and aluminum plants and changing residential heating to natural gas from coal.
India is likely not too backward, since its capital, New Delhi, is now more polluted than Beijing.
While governments and leaders who deny climate change, such as US President Donald Trump and Australian Prime Minister Scott Morrison, have become exceptions instead of al Qaeda.
The risks associated with the International Energy Agency (IEA) scenario seem to be accumulating in favor of renewable energy adoption faster than expected, particularly at the expense of coal and natural gas in power generation, and crude oil for transport.
Gas kills coal that kills gas?
The trend in the last decade is that coal is losing popularity with increasing renewable energies and natural gas as their share of the market.
The Natural energy gas industry was very happy to target coal, boosted by the fact that it is less polluting and increasingly available, especially after the US shale gas boom and subsequent massive LNG investment there, and in places like Australia.
The danger to the gas industry is that in its joy in killing coal, renewable energy is not seen in the rear view mirror.
The GasTech event in September in Barcelona was a good example. This was the biggest annual meeting of the gas industry and has dozens of speakers from key players.
The highlight of the conference was the absolute confidence that the natural gas and liquefied natural gas industry in the future, and it is not only a transitional fuel between coal and renewable energy, but a permanent part of the energy scene.
The 53-page report on the event and its various courses mentioned the word "revolver" only three times.
Solar and wind in the document did not appear at all. Climate change was mentioned only once, and only in relation to emissions reduction due to methane leakage.
The report gives the impression that the natural gas industry largely ignores the threat posed by the growth of renewable energy sources, just as coal has ignored the threat posed by Natural energy gas, renewable energy and renewable energy. The environment
One of the common concepts in the gas industry
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