On April 4, 2022, the IPCC published he third part of the Sixth Assessment Report, Climate Change 2022: Mitigation of Climate Change. Referring to the findings and key results, UN General Secretary António Guterres said that “investing in new fossil fuel infrastructure is moral and economic madness” while also outlining that “such investments will soon become stranded assets”. In this blog post, Andy Gheorghiu explains why new LNG terminals in Germany are not an exception – even after Russia’s invasion of Ukraine.
All posts tagged: LNG
LNG terminals for Germany: Part I – Brief history and state of play
The war in Ukraine has revealed the dependency of Europe on Russian gas. For a long time, gas has been touted as a bridge fuel. Now it turns out that gas is not only a significant contributor to the climate crisis but also a fuel to co-finance Putin’s war machine. A fast phase-out of fossil gas is inevitable, but some think that liquefied natural gas (LNG) will help the EU get rid of the Russian dependency. In this blog series, Andy Gheorghiu describes the situation in Germany and explains why the proposed LNG terminals are a climate disaster and risk to deepen the fossil dependency.
Edging into the hydrogen age: Carbon Brief questions if it can really solve climate change
Long recognized as an alternative to fossil fuels and once again heralded as an invaluable tool for tackling climate change, hydrogen is a key component within many of the recently announced national net-zero energy plans being rolled out by individual nations as well as the European Union. Hydrogen will likely be given a center role in new President Joe Biden’s climate plan too. To help sort out hope from hype, climate think tank, Carbon Brief recently published a detailed and invaluable hydrogen explainer. With comments from one of the analysts quoted in the explainer, L. Michael Buchsbaum helps untangle hydrogen’s reality.
Natural Gas is a Bridge to Nowhere
Natural gas has long been touted as the climate-friendly, carbon-low interim fuel in the transition from fossil fuels to renewables. And the recent fall in its price has made gas a go-to fuel for many countries, including Germany. But experts say this is no reason to build ever more pipelines or to see gas as anything more than another fossil fuel that must be phased out as quickly as possible. Paul Hockenos reports.
US fracked LNG and Russian gas via Nord Stream 2: Germany’s double game heats up both geopolitics and the climate
Away from coal! The need to get out of coal is now clear for everyone. But do we need instead more piped gas and LNG – liquified natural gas? Andy Gheorghiu reports
Fracking chaos: As debt-ridden gas producers go bankrupt, who’ll be left to clean up their mess?
Though fracking enabled the U.S. to finally re-achieve the long held conservative dream of energy independence, the ever-increasing volume of fracked fossil gas flowing out of the U.S., has led to an international glut as prices continue to fall. Now neck-deep in debt and historically unprofitable, pure play gas frackers are starting to struggle. Mass bankruptcies, shut-ins, and layoffs are likely. But Trump’s evisceration of environmental protection laws combined with ludicrously low liability bonds virtually ensures the public will be stuck with the clean up bill. Michael Buchsbaum explains.
Dirty fuel switch: Germany and Western Europe’s CO2 emissions fall as utilities ditch coal for cheap fossil gas
Approaching this summer’s midpoint, despite record-setting heat and continued drought in Europe, one positive development amidst the growing climate crisis is the sustained fall of coal’s generation market share throughout most of the continent. L. Michael Buchsbaum reports
The energy security trap: liquefied natural gas in Croatia
Croatia’s plan to construct a liquified natural gas (LNG) import terminal has been on its energy policy agenda for decades, but was postponed over and over again. Finally investors have decided to build the Krk LNG terminal, and argue that it will increase energy security in Central Europe and the Balkans. But its impact can range from maintaining the country’s reliance on fossil fuels to becoming an underutilised piece of infrastructure sapping away governments’ attention from their renewable energy agendas, says John Szabó.
EU Commission locks in imported LNG, endangering climate goals
Under pressure from Trump, just weeks ahead of the European Parliamentary elections, the EU Commission signed a long-term agreement locking in at least 20-years of imported fracked Liquid Natural Gas (LNG) shipments. Despite hundreds of international environmental groups warning this will torpedo the goals of the 2015 Paris Climate Accords and retard plans to decarbonize Europe, EU President Juncker and Vice-President Maroš Šefčovič are hailing the deal as part of the continent’s on-going clean energy transition. L. Michael Buchsbaum takes a look.
EU’s environmental direction at the stake in the upcoming elections
Multi-lingual, multi-cultural and multi-ethnic, over 400 million voters Europeans from 28 member states are poised to elect a new Parliament and European Commission President. Given its lead position on climate and energy issues, and under pressure to accept more American fracked fossil gas, their decision will have global ramifications. L. Michael Buchsbaum takes a look.