Remove Algeria Remove Cost Of Remove International Remove Price
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 pandemic has created disruption in the global energy sector, but low gas prices will ultimately stimulate demand growth as the economy recovers.

Gas 243
article thumbnail

Europe moves forward on the Energy Union; transport key element

Green Car Congress

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. The regulatory framework set-up by the 3 rd Internal Energy Market Package has to be further developed to deliver a seamless internal energy market to citizens and companies.

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. Fossil-fuel exporters rush to produce as much as they can, despite falling prices and constraints on trade. From these scenarios, the authors derice a set of lessons: The falling costs of technology will deliver a low-carbon world. —Goldthau et al.

Carbon 207