Remove Algeria Remove Climate Remove Cost Of Remove Gas
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

After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Low-carbon gas.

Gas 243
article thumbnail

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

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. This scenario assumes a full global consensus for action on climate change. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. The result is a win–win for climate and security.

Carbon 207
article thumbnail

Europe moves forward on the Energy Union; transport key element

Green Car Congress

The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. 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.