News Flash
- A new report from the Global Energy Monitor entitled ‘Nervous Money’ shows that concerns over climate risks are making it increasingly difficult to finance LNG projects in Europe.
- Although once regarded as a potential climate solution, the report shows that LNG is increasingly regarded as a climate problem – particularly for European buyers. In the US the report reveals the impact on LNG due to growing competition from renewables.
The lead author of the report, Lydia Plante, says that the investment environment for LNG has soured in the aftermath of the IEA’s net-zero report which was released in May. The report sees gas demand dropping off significantly in the coming years and a global switch to total decarbonisation of the power sector through renewable energy.
Related news: Total declares force majeur at USD25 billion LNG project in Mozambique
Link to the full report HERE
Author: GBA News Desk
