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Externalities - Why Nobody Knows How Much Methane Is Leaking

Graham Watson

23rd March 2023

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This Bloomberg clip looks at the notion that natural gas is an environmentally-friendly 'bridge fuel' - however, is this really true?

Well, it depends upon the extent to which methane - please ignore the pronunciation - leaks into the atmosphere. Methane has 80 times the global warming power of carbon dioxide, and this means that might be worse for the environment. Provided that more than 3% of the methane produced leaks into the atmosphere, production of fossil fuels might be cleaner.

And the latest data isn't encouraging. It's well worth watching - and again highlights the fact that an absence of data, and thus a lack of information means that capping methane leaks is a major problem.

Externalities - Why Nobody Knows How Much Methane Is Leaking
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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.