Natural gas a vital element in mission net zero: GECF

GECF

GECF is convinced that natural gas, as an abundant, affordable and clean hydrocarbon source, has a central role to play in energy transition while simultaneously supporting progress on several sustainable development dimensions including the guardianship of ecosystems, human health, and the economy. The Gas Exporting Countries Forum (GECF), as an intergovernmental coalition of 19 of the world’s leading gas producers together representing 70% of the proven natural gas reserves, 52% of gas pipeline, and 51% of LNG exports, echoes the International Energy Agency (IEA)’s recent report ‘Net Zero by 2050’. “In fact, our member countries are already demonstrating their manifold commitment to environmental stewardship by reducing emissions from their own operations and wherever they hold equity to accelerate decarbonisation,” GECF said on Thursday. The GECF’s in-house developed Reference Case Scenario (RCS) implies a realistic approach when it comes to governments – including some of the most energy-poor nations – increasing their ambitions from current Nationally Determined Contributions (NDCs) and net zero pledges.