Gas only a stopgap for UK without carbon capture: report
London
NATURAL gas only has a stopgap role in moving Britain to low-carbon energy until 2020 and will then be limited without carbon capture and storage (CCS) technology, a UK Energy Research Centre report said on Tuesday.
Britain has set an ambitious target to reduce greenhouse gas emissions by 80 per cent from 1990 levels by 2050, and gas has been seen as a bridging fuel until more clean energy comes online since it emits less carbon dioxide than coal or oil, but more than nuclear or renewable energy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes
US, Philippines eye agreement to cut China nickel dominance
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Glencore now sees FY trading division profit between US$3 billion-US$3.5 billion