Remove Algeria Remove Cleaning Remove Coal Remove Cost Of
article thumbnail

BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

Green Car Congress

However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas.

Gas 243
article thumbnail

Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. The world fractures into two camps in a clean-tech cold war.

Carbon 207
article thumbnail

Europe moves forward on the Energy Union; transport key element

Green Car Congress

Today, we launch the most ambitious European energy project since the Coal and Steel Community. Latest data shows that the EU imports 53% of its energy at a cost of around €400 billion (US$454 billion), making it the largest energy importer in the world. —Maroš Šef?ovi?, the Vice-President responsible for the Energy Union.