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|Title:||The impact of shale gas on the cost and feasibility of meeting climate targets - a global energy system model analysis and an exploration of uncertainties|
|Keywords:||Science & Technology;Technology;Energy & Fuels;shale gas;natural gas;supply curves;climate change mitigation;energy system analysis;energy scenarios;TIMES Integrated Assessment Model (TIAM);fugitive methane emissions;energy economics;NATURAL-GAS;METHANE EMISSIONS;PRODUCTION SITES;UNITED-STATES;BARNETT SHALE;INFRASTRUCTURE;FAILURE;SUPPORT;POLICY;BASIN;Engineering;Physical Sciences|
|Publisher:||MDPI;Natural Environment Research Council (NERC)|
|Description:||There exists considerable uncertainty over both shale and conventional gas resource availability and extraction costs, as well as the fugitive methane emissions asso ciated with shale gas extraction and its possible role in mitigating climate change . This study uses a multi - region energy system model, TIAM (TIMES Integrated Assessment Model) , to consider the impact of a range of conventional and shale gas cost and avai lability assessments on mitigation scenarios aimed at achieving a limit to global warming of below 2 °C in 2100, with a 50% likelihood. When adding shale gas to the global energy mix, the reduction to the global energy system cost is relatively small (up to 0.4%), and the mitigation cost increases by 1 - 3% under all cost assumptions. The impact of a “dash for shale gas”, of unavailability of carbon capture and storage, of increased barriers to investment in low carbon technologies, and of higher than expected leakage rates, are also considered; and are each found to have the potential to increase the cost and reduce feasibility of meeting global temperature goals. We conclude that the extraction of shale gas is not likely to significantly reduce the effort req uired to mitigate climate change under global ly coordinated action, but could increase required mitigation effort if not handled sufficiently carefully.|
|Type Of Material:||Other|
|Appears in Collections:||Chemical Engineering|
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