Can the current EU regulatory framework deliver decarbonisation of gas?

OXFORD ENERGY | This Energy Insight examines the current regulatory framework and challenges facing the natural gas industry (producers, transporters, suppliers and consumers) during the transition to a zero-carbon economy.  The EU has declared its intention to be climate neutral by 2050, which means that the current level of natural gas usage will no longer be possible. However natural gas is a crucial component of energy supply, representing 24 per cent of primary energy supply for the EU27+UK and 36 per cent of residential energy consumption. In some countries the use of natural gas is much higher – around 40 per cent of primary energy supply in Netherlands, UK and Italy. The current framework impacting gas addresses two different market failures – natural monopolies for gas transportation, and the externalities of Greenhouse Gas Emissions.

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