Europe's Battle Over "Green" Natural Gas
Russia's unprovoked invasion of Ukraine has set off a scramble in Europe to secure natural gas supplies ahead of next winter and for many years to come, with planning underway to build more than a dozen new liquefied natural gas (LNG) terminals.
Gas-fueled power plants will need to meet certain emissions criteria in order to be referred to as sustainable investments and need to switch to low-carbon gases by 2035. The EU still aims to cut its greenhouse gas emissions by "at least 55%" by 2030, and be carbon neutral by 2050.
A major concern for those seeking to meet the Paris climate targets and limit human-caused global warming is new fossil fuel infrastructure that can be used for decades, unless such installations could be converted to using or producing renewable energy.