Mouse Over to Stop Rotation & Read Ad

Monday, April 8, 2013

Report Says Shale Gas is Key to Renewable Energy Future

From Grist:
Banking giant Citigroup recently issued a report [PDF] that ought to thrill fans of renewable energy. However, tucked inside the good news is a pill that some greens will find difficult to swallow.
The good news is that Citi expects renewable energy to triumph; it believes that typical forecasts like those from the International Energy Agency are too pessimistic. Contrary to a certain strain of conventional wisdom, it says, shale gas will not crowd out renewable energy. Quite the opposite.
The pill? Citi expects it will take lots of natural gas — more than we’re currently using, in the medium term — to get to a power system run primarily on renewables. In fact, renewables and shale gas are in a “symbiotic” relationship, the report says, each helping the other increase market share. If that’s true, a moratorium on fracking, called for by many greens, might serve to inhibit the spread of renewable energy.
Read the whole article here.

Connect with us on Facebook and Twitter!

No comments:

Post a Comment

Follow by Email