Environmental Defense Fund was the first environmental group to hire a full-time economist, way back in the 1970s. At the time, many wondered what economics had to do with protecting the environment. We saw an opportunity and seized it because we believe prosperity and stewardship can go hand-in-hand, and solutions (more…)
The U.S. Energy Information Administration (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach over 100 billion cubic feet per day by 2040. The trend is likely to continue without hitting a geologic (more…)
I recently attended (and moderated a panel at) the Clean Truck and Bus Summit in Shanghai. Of course the first topic that came to my mind was electric vehicles. But this conference looked at the full range of alternative fuels. And one that was discussed much more than electrification was compressed natural gas, or CNG. (more…)
Though Norway in June overtook Russia in total exports of natural gas to Europe, the balance of Russian gas to Europe comes through Ukraine, which itself is dependent upon Russia for 60% of its current gas consumption.
While Ukraine controls the transit of 90% of its gas to Europe, Russia is consistently trying to use its gas (more…)
• Natural gas is cleaner than coal and oil, producing less environmental pollutants.
Storing carbon dioxide in the same shale formations that produce natural gas may be an effective way to sequester carbon dioxide produced by fossil fuel-burning power plants, according to a U.S. study. Computer models by researchers at the University of Virginia suggest the Marcellus Shale, a 600-square-mile formation in the northeastern U.S. that is a center of (more…)
A recent article by three professors of business, energy and economics looks at the role of patents on hydraulic fracturing, or fracking, the process of injecting pressurized water and chemicals into subterranean formations to extract natural gas.