March towards net zero carbon could leave gas investments stranded: Study

This risk is seen because International Energy Agency had in June said that achieving net zero emissions globally would depend on halting all future fossil fuel development

A planned $379-billion expansion of gas infrastructure in Asia is based on the prospects of shifting from coal to natural gas but the assets risk becoming stranded. This risk is seen because the International Energy Agency had in June 2021 said that achieving net zero emissions globally would depend on halting all future fossil fuel development.

According to a new report by Global Energy Monitor (GEM), the increased investment comes in the wake of an unprecedented amount of coal cancellation throughout Asia, due to widespread public opposition, dwindling coal financing options, and ballooning coal plant costs. Rather than turn to