Explanations
Externalities - Why Nobody Knows How Much Methane Is Leaking
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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.
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