- Nov 8, 2019 6:56 pm GMT
- 519 views
This article brings up some interesting points that lead me to having more unanswered questions: what will happen to unused pipelines? Wasn't natural gas supposed to be better alternative to oil?
"Stunning declines in the cost of wind and solar power and grid-scale batteries are at the forefront of this seismic shift. New research from Rocky Mountain Institute, our organization, analyzed proposed gas plants across the U.S. and found that in 90% of cases, it would be cheaper and just as reliable to build new wind, solar, and storage than to proceed with gas. The economic picture is similarly grim for interstate gas pipelines; as demand falls from power plants, so too will the utilization of pipelines across the country, leaving utility customers responsible for paying them off for years to come. ... Carbon emissions from gas power plants rose 59% from 2005 to 2017, but that’s only part of the problem. From oil and gas wellheads to homes and buildings, leakage of methane, a highly potent greenhouse gas, is far worse than previously thought. In fact, recent research found that methane leaks in major U.S. cities may be twice as big as official government estimates. Doubling down on new gas power plants, pipelines, and appliances will lock in future carbon emissions and methane leakage and make it near-impossible to reach city- and state-level climate targets. Nonetheless, the rush to gas continues. Roughly 177 gas power plants are currently being proposed in the U.S.... "