June 5, 2023
•News
The global gas market is undergoing a period of profound transformation as a result of new sources of supply, demand, changing trade patterns, and technological and policy shifts. The transition to a low-carbon economy and efforts to curb air pollution are also key policy aims that will impact the role of gas in the future energy mix.
In June 2022, the European Commission allowed Spain and Portugal to decouple the price of gas from that of electricity for 12 months.
This report examines the prospects of supplying gas from the Eastern Mediterranean to Europe from a technical, geopolitical, and economic perspective.
Achieving the goal of net-zero greenhouse gas emissions by 2050 requires a substantial reduction in the share of high-emitting fossil fuels in primary energy consumption.
On October 11, 2022, Columbia University’s Center on Global Energy Policy convened a roundtable to discuss whether there is access to adequate financing for oil and gas assets to meet energy security and affordability needs during the transition to net-zero emissions.
To reduce Germany’s energy consumption while shielding consumers from high energy prices, the government announced in September 2022 a “protective shield” for which up to €200 billion would be available.
Russia’s invasion of Ukraine has seriously damaged the country’s reputation as a reliable gas supplier.
Methane emissions are second only to carbon dioxide emissions as a driver of human-induced climate change.