World natural gas endowment as a bridge towards zero carbon emissions |
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Authors: | Roberto F Aguilera Roberto Aguilera |
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Institution: | 1. Curtin University, Centre for Research in Energy and Minerals Economics (CREME), GPO Box 1987, Perth, 6845, Australia;2. University of Calgary, Chemical and Petroleum Engineering Department, 2500 University Drive NW, Calgary, Canada, T2N-1N4 |
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Abstract: | We use a global energy market (GEM) model to show that natural gas has the potential to help stabilize global carbon emissions in a span of about 50–100 years and pave the way towards low and zero carbon energy.The GEM provides a close fit of the global energy mix between 1850 and 2005. It also matches historical carbon and CO2 emissions generated by the combustion of fossil fuels. The model is used then to forecast the future energy mix, as well as the carbon and CO2 emissions, up to the year 2150.Historical data show relative decarbonization and an increase in the amount of hydrogen burned as a percent of fossil fuel use between 1850 and 1970. The GEM indicates that with a larger contribution of natural gas to the future energy market, the burned hydrogen percentage will increase. This decarbonization will help to advance economic and environmental sustainability. |
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