from Bluescope Steel:We urge caution when using gas demand projections based on 1.5-degree warming scenarios. These projections are based on what is needed to limit global temperature rises and may be overly optimistic regarding the roll out of renewable power, electricity transmission infrastructure, electrification of industry, green hydrogen production, and carbon capture and storage or direct air carbon capture. If this is the case, gas demand projections are likely to be significantly underestimated in these scenarios and lead to narrow views such as the IEA concluding in its Net Zero Roadmap: A Global Pathway to Keep the 1.5⁰C Goal in Reach (2023) that there is no need for investment in new natural gas. Also, gas should not be aggregated with coal and other fossil fuels in such forecasts, given its potential role in assisting industries such as iron and steel to achieve significant GHG abatement.
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30 | 5603612 | 0.018 |
12 | 917266 | 0.017 |
3 | 523500 | 0.016 |
5 | 708334 | 0.015 |
Price($) | Vol. | No. |
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