Hopes gas will play the role of a so-called transition fuel towards a low-carbon future are dimming as costs of renewable energy dive and its emissions edge over coal is increasingly questioned, a new report by the Climate Action Tracker argues.
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Natural gas will have to be phased out along with coal if the world is to be kept safe from dangerous climate change. And that seems likely to have to happen far sooner than most official forecasts, according to a new report. If countries want to reach their Paris Agreement goals of limiting the long-term world temperature rise to 1.5°C, then many of the proposals to increase gas production and distribution will be unnecessary. New terminals and pipelines will never be fully used and will become stranded assets.
A history of failure has left Australia with virtually no genuinely independent advice on climate change. With comments from Climate Analytics' CEO Bill Hare on the recommendations of the Finkel Review.