$1 Trillion LNG Infrastructure Boom Threatens Climate Goals

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$1 Trillion LNG Infrastructure Boom Threatens Climate Goals
LNGClimate ChangeGreen Transition
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Western nations' investments in natural gas infrastructure conflict with the global emphasis on a green transition.

There is a massive natural gas project pipeline for the next decade, as several world powers have increased their gas production in line with the rise in demand. Much of this production increase will come from wealthy Western countries, with several states using gas as a transition fuel in the shift away from more polluting coal and oil.

These five countries contributed over two-thirds 67 percent of all new oil and gas licences issued worldwide since 2020. One of the main criticisms of this heavy contribution to global oil and gas output is the fact that these countries have the economic capacity to fund a green transition, with little need for long-term fossil fuel production to meet their domestic demand.

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