The role of natural gas in European energy security and decarbonization

According the authors of this report, the future of natural gas in Europe remains uncertain. There are however, a wide variety of perspectives on its application and usefulness as a low-carbon fuel. The mild winter was the largest driver in reducing gas demand during the 2022-2023 heating season in Europe. At the same time, the REPowerEU policy was successful in accelerating the deployment of renewables and heat pumps, as well as changing consumer behavior to reduce energy and electricity demand in this critical period. Many participants were concerned that the European Union will not achieve the goals of the REPowerEU […]