Cover Climate Change 03/2015 The impact of shale gas on the costs of climate policy
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The impact of shale gas on the costs of climate policy


This report investigates the effects of an increased exploitation of shale gas reserves around the globe and the extent to which it can serve as a low-cost GHG mitigation option. We compare a scenario of global shale gas exploitation with a scenario in which shale gas use is very limited. Both scenarios are modelled with the global techno-economic POLES model and rely on a high regional disaggrega-tion. The effects of shale gas production on the energy market and, consequently, on GHG emissions are analysed in a baseline case without additional climate policy and for mitigation targets compati-ble with the 2°C target. We find that shale gas should not be considered a cheap option to reduce global GHG emissions due to three reasons: the effects of global shale gas availability (a) are small in the short-term, (b) lead to higher baseline GHG emissions for most countries in the long-term due to lower energy prices and (c) result in higher costs of compliance with climate targets.

Reihe
Climate Change | 03/2015
Seitenzahl
49
Erscheinungsjahr
Autor(en)
Jan Kersting, Vicky Duscha, Joachim Schleich, Kimon Keramidas
Sprache
Englisch
FKZ
3713 41 103
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1589 KB
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Schlagworte:
 Fracking  shale-gas  costs  climate policy
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