The Impact of Natural Gas Futures on Climate Change | CBCGDF Climate Change Working Group

Natural gas futures play a complex role in relation to climate change.

On one hand, natural gas is often considered a "cleaner" fossil fuel compared to coal. In the short - term, the trading of natural gas futures can influence its price and availability. When natural gas is more affordable due to futures trading, power plants may switch from coal to natural gas. This can lead to a reduction in carbon dioxide emissions in the short - term as natural gas combustion emits less carbon per unit of energy produced. For example, in regions where strict emissions regulations are in place, power producers may be more inclined to use natural gas because of its relatively lower environmental impact, which is partly influenced by the natural gas futures market.

However, natural gas is still a fossil fuel. The expansion of the natural gas industry, spurred by the trading of futures, may lead to increased extraction activities. Methane, a potent greenhouse gas, can be leaked during extraction, transportation, and storage of natural gas. If not properly managed, these methane emissions can offset the benefits of reduced carbon dioxide emissions.

In conclusion, while natural gas futures can have some positive impacts on climate change by potentially facilitating a shift from dirtier fuels, the associated methane emissions and the long - term reliance on a fossil fuel pose significant challenges.

 

Translator: Richard

Checked by Sara

Editor: Richard

Contact: v10@cbcgdf.org; +8617319454776


Contribution

Do you know? CBCGDF is a non-profit organization. We rely on crowd-funding and donations. You have the opportunity to help us to advance biodiversity conservation. Donate TODAY to power up the movement to make it a better world for all life.

 

1. Webpage:

https://www.paypal.com/donate/?hosted_button_id=2EYYJJZ8CGPLE

2. via paypal

Donation（501C3）Paypal： intl@wbag.org

Comments

Post a Comment

Popular posts from this blog

The 2024 World Water Forum Opens in Indonesia's Bali

Image
The 2024 World Water Forum (10th WWF) under the theme of "Water for Shared Prosperity" officially opened on Indonesia's island of Bali on Monday. This year ’ s theme emphasizes the need to work together to promote efficient and integrated water resources management to common prosperity. The 10th WWF ’ s six subthemes are: Water Security and Prosperity; Water for Humans and Nature; Disaster Risk Reduction and Management; Governance, Cooperation and Hydro-diplomacy; Sustainable Water Finance; and Knowledge and Innovation. This year, the Forum is expected to host 350 sessions, and receive 100,000 participants and visitors, 56 ministers, 12 heads of state, and about 2,000 journalists. The 10th World Water Forum focuses on four topics, namely water conservation, clean water and sanitation, food and energy security, and mitigation of natural disasters. The 10th WWF   is jointly organized by the Government of the Republic of Indonesia and the World Water Council. The Forum is th...
Read more

Bridging Borders for Wildlife: John E. Scanlon AO Recognized with China's Highest Honor - Chinese Government Friendship Award

Image
Congratulations to our dear friend and best teacher, John E. Scanlon AO, for honored the remarkable achievement - The Chinese Government Friendship Award!   On September 27, 2023, the Ministry of Human Resources and Social Security (State Administration of Foreign Experts Affairs) held a prestigious ceremony in Beijing to present the Chinese Government Friendship Award. The Chinese Government Friendship Award is China's highest honor bestowed upon foreign experts who have made outstanding contributions to the country's modernization and reform and opening-up efforts. John E. Scanlon AO, an esteemed ecological conservation and sustainable development expert hailing from Australia (UK), received this distinguished award. His unwavering commitment and significant contributions to global wildlife conservation efforts, along with his deep friendship with people of China, earned him the Chinese Government Friendship Award. John E. Scanlon has dedicated his life to the protection of a...
Read more

Unveiling the Mysteries of Cetaceans in the South China Sea: Chinese Scientists Describe Important Marine Mammal Areas (IMMAs)

Image
The world’s ocean ecosystems are facing mounting threats—climate change, marine pollution, overfishing, and habitat destruction due to human activities, to name a few. These pressures are particularly dangerous for marine mammals like cetaceans, whose survival hinges on healthy habitats and stable populations. Yet, in regions like the South China Sea, where biodiversity is exceptionally high, little research has been done to understand the needs and habitats of cetaceans. This lack of data has left a gap in our knowledge and made it challenging to establish targeted conservation strategies. Recognizing this, Chinese scientists have now set out to fill these gaps and contribute essential data to inform future policy and management, aiming to protect these vulnerable species and support the objectives of the Kunming-Montreal Global Biodiversity Framework (GBF). In a landmark study published on October 8, 2024, in Biological Conservation, Dr. Li Songhai and his team from the Institute of...
Read more