The U.S. should look to bolster international carbon capture projects and help spur the use of natural gas to ensure the world has sufficient energy supplies, according to a new report.
The EFI Foundation — an energy think tank led by former Energy Secretary Ernest Moniz — made the recommendations as part of a 265-page report on the future of natural gas. The foundation said gas can help reduce global carbon emissions by displacing coal, but it also said Asian countries will struggle to meet the expected demand for the fossil fuel.
Energy analysts are divided on whether global natural gas demand will increase or decrease over the next decades, the report found. There will be “substantial natural gas consumption in 2050,” EFI concluded. The role of gas remains a pressing issue as the world’s energy mix evolves because it is used to run power plants as well as for heating and cooking in some homes.
“The reality is we have to work together, especially with allies and friends, to have natural gas play the role that COP28 talked about as a critical transition fuel,” Moniz said this week at an event on Capitol Hill, referring to last year’s global climate summit.
