16 January 2023 | Macroeconomics | CEOs

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: 29.11.2024 Expectation: 700 pips
AUDCAD does not exit downward trend lines
Today at 11:34 AM 19
Period: 02.12.2024 Expectation: 560 pips
Brent oil on its way up after exiting bilateral pattern
Today at 09:47 AM 76
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
2nd in the segments "Currencies" and "Oil and gas"
Period: 26.11.2024 Expectation: 2840 pips
Selling USDJPY with target at 152.00 influenced by BoJ policy
Yesterday at 09:37 AM 84
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Metals" and "Oil and gas"
Period: 25.11.2024 Expectation: 700 pips
EURUSD can not move far away from 1.052 level yet
20 November 2024 79
Period: 12.12.2024 Expectation: 2080 pips
Canadian statistics reverse USDCAD to selling
20 November 2024 62
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies", "Metals" and "Oil and gas"
Period: 30.11.2024 Expectation: 660 pips
Selling AUDCAD to 0.9040
20 November 2024 41
Nikolai
Nikolai

Listed among the best MarketCheese authors
3rd in the segment "Currencies"
Go to forecasts