El futuro del petróleo y el gas natural en escenarios globales de rápida descarbonización

  1. Jorge BLÁZQUEZ 1
  2. José María MARTÍN-MORENO 2
  1. 1 Oxford Institute for Energy Studies
  2. 2 Universidade de Vigo
    info

    Universidade de Vigo

    Vigo, España

    ROR https://ror.org/05rdf8595

Journal:
Papeles de economía española

ISSN: 0210-9107

Year of publication: 2022

Issue: 174

Pages: 22-33

Type: Article

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More publications in: Papeles de economía española

Abstract

The current plans for a deep decarbonization of the economy across many different countries implies not only a reduction in hydrocarbon consumption, but also a profound transformation of the corresponding markets. This article offers an organized perspective of the different energy outlooks by internationally recognized institutions as well as from different academic sources. This paper explores oil and gas supply and demand in scenarios of rapid and very rapid decarbonization, looking for common trends that help to understand the role of these energy sources. The key insight of this paper is that oil and natural gas remain as key energy sources over the next 30 years, although consumption of both hydrocarbons declines as the economy decarbonizes. In this context of progressive lower consumption, it is worth noting that natural gas is a more resilient fuel in scenarios of rapid decarbonization, particularly in the next decade

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