Full Title: Carbon Supply Cost Curves: Evaluating Financial Risk to Gas Capital Expenditures
Author(s): James Leaton, Andrew Grant, Matt Gray, and Luke Sussams
Publisher(s): Carbon Tracker Initiative
Publication Date: July 1, 2015
Full Text: Download Resource
Description (excerpt):
2015 has only confirmed the direction of travel away from fossil fuels. The G7 has agreed to aim to reduce emissions by up to 70% below 2010 levels by 2050. Efforts to keep global warming below 2 degrees are ratcheting up, which is tightening the carbon budget remaining for fossil fuels. There are many combinations of coal, oil and gas which could make up the future fossil fuel portion of the world’s energy supply. This will vary across power, heat and transport uses, and between regions. This direction of travel to a low carbon future is not just about getting a global deal on climate change. Even as the negotiations have continued, there has been a perfect storm of factors at work. These include concerns over health and air quality, technological advances like domestic energy storage products, the decoupling of economic growth and energy demand, and the continued fall in the cost of renewables.