Clean technologies that will make gas and gas use emission-free Low carbon gas technology costs are coming down, offering an expedient, achievable, and secure route to decarbonisation, but policy support and access to capital are needed to accelerate innovation and scale up deployment sufficiently to meet the Paris Agreement goals.
L
ow carbon gas technologies – renewable gases (RG), hydrogen and carbon capture and storage (CCS & CCUS) – all deliver major reductions in greenhouse gas (GHG) emissions. They have
been featured prominently in nearly all modelled scenarios for achieving the goals of the Paris Agreement on Climate Change. Moreover, they are all proven and technically viable today and, in some contexts, even cheaper than the electricity-based alternatives.
TATIANA KHANBERG, Senior Manager Public Affairs, International Gas Union
However, further technological innovation and greater scale are required to capture the enormous value of these solutions in a just transition to a sustainable future. That in turn requires government support, addressing gaps where markets fail or haven’t yet developed and introducing market-based mechanisms that facilitate the development, commercialization, and scaled deployment of these clean technologies. The toolbox of effective policy measures is diverse and well documented, with many successful case studies from around the world. From mandates, like the low carbon fuel standards to production
22
G L O B A L VO I C E O F G A S
O C TO B E R 2 0 2 1
