7291. Gas For Oil Markets
- Author:
- Koji Morita
- Publication Date:
- 02-2000
- Content Type:
- Policy Brief
- Institution:
- Chatham House
- Abstract:
- Public projections by the International Energy Agency, the US Energy Information Administration and the European Commission suggest that, with present policies, world consumption of gas will roughly double by 2020, taking about 5% of the primary energy market from other fuels. About half this gain will be at the expense of more carbon-intensive fossil fuels, mainly coal, but the other half will replace carbon-free nuclear energy. The net effect on the growth of greenhouse gas emissions will therefore be small. For comparison, gas consumption increased in the past 20 years by almost 80%, at the expense of other fossil fuels. Half the increased gas demand is projected for developing countries, compared with 45% of the increase over the past 20 years and their present share of about a quarter of total world gas consumption.
- Topic:
- Economics, Emerging Markets, Energy Policy, and Environment
- Political Geography:
- United States and Europe