Economic Bulletin of December 13, 2013
by Franziska Holz, Philipp M. Richter and Christian von Hirschhausen in: DIW Economic Bulletin 11/12 /2013.
The significance of natural gas is on the rise due to the restructuring and decarbonization of energy systems worldwide. Natural gas is widely available and flexible as it can be used in electricity generation, manufacturing, transport and private households. Compared to other fossil fuels, natural gas produces relatively low carbon dioxide emissions during combustion. For this reason, the natural gas sector also has an important supportive role to play when it comes to the European energy transition towards renewable energies. Against this backdrop, DIW Berlin has examined the potential of the global natural gas market and carried out model-based analyses of possible scenarios for meeting different climate change targets.
Structural Shift in Global Natural Gas Markets: Demand Boom in Asia, Supply Shock in the US (PDF, 198.75 KB)