‘Climate bomb’ warning over $200bn wave of new gas projects
by Guardian staff from on (#6SQEE)
New liquefied natural gas projects could produce 10 gigatonnes of emissions by the end of the decade, close to the annual emissions of all coal plants
A $200bn wave of new gas projects could lead to a climate bomb" equivalent to releasing the annual emissions of all the world's operating coal power plants, according to a report.
Large banks have invested $213bn into plans to build terminals that export and import gas that is chilled and shipped on ocean tankers. But a report has warned that they could be more damaging than coal power.
Continue reading...