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

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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. Source: BloombergNEF.

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

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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.

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Europe moves forward on the Energy Union; transport key element

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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.