Blocking funding for gas energy projects in Africa may seem like sensible climate policy – but this is not the case. Such an approach could hinder countries’ development and slow the transition to clean energy. Here are a dozen reasons why it would be a poor move.
Several high-profile financiers of emerging markets infrastructure, such as the UK government, are actively considering a blanket ban on fossil fuels that would preclude any new projects involving natural gas. Burning natural gas emits carbon dioxide (CO2), a long-lived greenhouse gas. Facilities that produce, transport and consume natural gas sometimes leak methane, a short-lived but even more potent greenhouse gas. So blocking money for new gas pipelines, gas-fired power plants, or gas-consuming industries in Africa