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Explanations

Externalities - Why Nobody Knows How Much Methane Is Leaking

Graham Watson

23rd March 2023

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

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.

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