From the Editor: Locking horns with the feds [Gas in Transition]
From the Editor: Locking horns with the feds [Gas in Transition]
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Natural Gas News
From the Editor: Locking horns with the feds [Gas in Transition]
Summary
Canada has proposed ambitious regulations aimed at producing a net-zero power grid in the country by 2035. Some provinces – led by Alberta – are pushing back hard. [Gas in Transition, Volume 3, Issue 8] by: Dale Lunan
There’s a growing understanding around the world that achieving carbon neutrality by 2050 will be tough, requiring trillions of dollars of investment and commitments from even emerging economies to pursue policies that might deprive the Global South of energy security or affordability for decades to come. In the wake of Russia’s invasion of Ukraine and subsequent energy security concerns in the West trumping environmental concerns, the path to net-zero has gotten bumpier, and a number of developed countries are stepping back to consider their respective energy futures. In Germany, for example, a goal to cut greenhouse gas (GHG) emissions 6...
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Natural Gas & LNG News, Americas, Insights, Premium, Editorial, Gas In Transition Articles, Vol 3, Issue 8, Canada
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”