Infrastructure

Gas, carbon capture key for emissions reduction - BP

Gavin Evans
Wed, 25 Nov 2020

Natural gas, especially when combined with carbon capture use and storage, can play a critical role meeting the world’s net-zero carbon targets, BP economist Michael Cohen says.While a net-zero global economy implies a 90 percent drop in coal use by 2050, and a 75 percent decline in oil use, modelling by BP suggests global gas use would fall only 35 percent by then.That could leave gas meeting about 20 percent of the world’s primary energy needs in 2050, a little under its current contribution, and about half the expected contributi...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

New players sought for electricity futures market

Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes.

Opinion

BlackRock mansion: where $12T lives

David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector

The Zespri effect: Has NZ's hops industry found its Sungold?

Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs.

Gas, carbon capture key for emissions reduction - BP

Not convinced yet?

Your company has a subscription

Team