Is Abundant Natural Gas a Bridge to a Low-carbon Future or a Dead-end?
Kenneth Gillingham and Pei Huang
Authors registered in the RePEc Author Service: Kenneth Thomas Gillingham ()
The Energy Journal, 2019, vol. Volume 40, issue Number 2
A fierce debate rages on whether abundant natural gas is a bridge to a low-carbon future or a hindrance to long-term decarbonization. This paper uses a detailed energy-economic market equilibrium model to study the effects of an upper bound case of natural gas availability. We show that a market-driven abundant natural gas supply can provide substantial reductions in air pollution but does not considerably reduce CO2 emissions in the longer-term, especially relative to a moderate carbon price. However, we quantify large welfare benefits from abundant natural gas. The spatial disaggregation of our results allows for a clear picture of the distributional impacts of abundant natural gas under different carbon price scenarios, illustrating welfare gains by most regions regardless of whether there is carbon pricing, but substantial heterogeneity in the welfare gains.
JEL-codes: F0 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to IAEE members and subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aen:journl:ej40-2-huang
Ordering information: This journal article can be ordered from
Access Statistics for this article
More articles in The Energy Journal from International Association for Energy Economics Contact information at EDIRC.
Bibliographic data for series maintained by David Williams ().