With global gas demand nearing its peak, experts are pointing to the potential for a “triple win” in climate, economy, and energy security—as long as policy-makers around the world seize the moment to cut their consumption by 110 billion cubic metres per year until 2030.
“Global peak gas demand is in sight already,” writes climate think tank E3G, in a recent blog post that heralds the end of the “golden age” of gas. “Countries have the tools to bring it forward in line with climate-safe pathways—while also improving economic and energy resilience.”
That means “the focus of international collaboration should now be on ensuring that all countries have access to a future free from volatile and polluting fossil gas.”
The International Energy Agency (IEA) projected in 2022 that gas consumption in a business-as-usual scenario would peak around 2030, E3G notes. But more recent trends show that all-time maximum could hit sooner, “with the next two years key to locking in this development.”
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