16 January 2023 | Other

U.S. government’s climate envoy said that natural gas could slow down global warming

U.S. Special Presidential Envoy for Climate John Kerry said that natural gas could play an important role in solving the problem of global warming. However, it will require the acceleration of producers’ efforts to control carbon emissions.

In one of his interviews in Abu Dhabi, Kerry outlined that an increase in demand for gas, and especially for liquefied natural gas (LNG), has been observed recently. In Kerry’s opinion, this type of energy source might be used as a transitional measure for reaching zero carbon footprint. 

On the one hand, gas has a smaller carbon footprint compared to oil and coal, and this is an advantage. However, it does have a carbon footprint anyway. In addition, methane leaks are quite common in the industry, which also have a negative impact on the environment. Many activists are against using gas, insisting on the idea that the U.S. government should abandon this energy source. But in Kerry’s opinion, gas usage for power production and home heating helps to reduce emissions by 30–50%.

Company MarketCheese
Period: 22.06.2026 Expectation: 1140 pips
Invest in AUDCAD with 0.99500 in sight
22 May 2026 50
Period: 29.05.2026 Expectation: 675 pips
Brent crude maintains upside potential despite sellers’ resistance
22 May 2026 38
Period: 29.05.2026 Expectation: 585 pips
USDCAD gets support from resilient American economy
22 May 2026 29
Period: 22.06.2026 Expectation: 4300 pips
Selling GBPUSD amid UK political crisis
22 May 2026 24
Period: 22.05.2026 Expectation: 1700 pips
Go short on EURUSD as dollar gains strength
22 May 2026 18
Period: 28.05.2026 Expectation: 2500 pips
USDJPY sell-off targets 156.50 amid weakening upward momentum
21 May 2026 48
Go to forecasts