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: 16.01.2025 Expectation: 1260 pips
Technical analysis suggests AUDCAD decline
Today at 10:07 AM 19
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Crypto"
2nd in the segment "Oil and gas"
Period: 03.01.2025 Expectation: 1600 pips
Bank of Japan is unlikely to intervene until USDJPY falls below 160
Yesterday at 11:22 AM 42
Period: 02.01.2025 Expectation: 390 pips
Natural gas is still on bullish run with target of 3.790
Yesterday at 09:49 AM 85
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
2nd in the segment "Currencies"
Period: 31.12.2024 Expectation: 2380 pips
EURUSD consolidates with bearish bias as Euro weakens
25 December 2024 63
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Metals" and "Oil and gas"
2nd in the segment "Currencies"
Period: 25.12.2024 Expectation: 6000 pips
Selling USDJPY to 151.230
25 December 2024 35
Period: 31.12.2024 Expectation: 1000 pips
USDCAD may reach 1.427 as correction unfolds
25 December 2024 24
Go to forecasts