HC 284 - Energy Generation in Wales: Shale Gas

HC 284 - Energy Generation in Wales: Shale Gas

Author: Great Britain. Parliament. House of Commons. Welsh Affairs Committee

Publisher: The Stationery Office

Published: 2014

Total Pages: 44

ISBN-13: 0215072960

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Shale gas represents an opportunity for Wales but it must not come at the expense of Wales's natural environment. Both the UK and Welsh Governments must consider environmental risks, including the traffic and noise caused by commercial shale gas operations as well as the visual impact and other environmental risks associated with fracking. The issue of treatment, transportation and disposal of wastewater is a growing concern: toxic and radioactive water must not be allowed to contaminate water courses. The Government forecasts that nearly 70% of the UK's gas supply will be imported by 2025. It is vital that the UK identifies new sources of gas if it is to safeguard the UK's security of supply. Shale gas production across the UK is currently at the exploratory stage and there is no good data yet on the amount of shale gas in Wales. Should considerable reserves of shale gas be present-as industry representatives predict-it could be a decade before a viable shale gas industry is created in Wales. The UK Government and the Welsh Government should work with commercial companies and others to provide a reliable range of estimates of shale gas available in Wales and assess the overall impact of shale gas supply on the level and mix of energy produced in Wales and the UK. The Welsh Government should also begin to consider how the employment opportunities presented by shale gas production could be maximised


Energy Generation in Wales

Energy Generation in Wales

Author: Great Britain. Parliament. House of Commons. Welsh Affairs Committee

Publisher:

Published: 2014-10-16

Total Pages: 12

ISBN-13: 9780215078247

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Government response to HC 284, session 2014-15 (ISBN 9780215072962), published 16th June 2014


HC 856 - Environmental Risks of Fracking

HC 856 - Environmental Risks of Fracking

Author: Great Britain. Parliament. House of Commons. Environmental Audit Committee

Publisher: The Stationery Office

Published: 2015

Total Pages: 52

ISBN-13: 021508117X

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Exploratory drilling for shale gas has begun in the UK and the Government is encouraging fracking. It has introduced tax concessions and is seeking through its Infrastructure Bill to ease the process for fracking operations, including through proposals for an automatic right of access to "deep-level land" for exploratory drilling and extraction. Extensive production of unconventional gas through fracking is inconsistent with the UK's obligations under the Climate Change Act and its carbon budgets regime, which encompasses our contribution to efforts to keep global temperature rise below two degrees. Shale gas, like 'conventional gas', is not low carbon, and the objective of government policy should be to reduce the carbon intensity of energy whatever its source. Shale gas cannot be regarded as a 'transitional' or 'bridging' fuel. Any large scale extraction of shale gas in the UK is likely to be at least 10-15 years away, and therefore cannot drive dirtier coal from the energy system because by that time it is likely that unabated coal-fired power generation will have been phased out to meet EU emissions directives. It is also unlikely to be commercially viable unless developed at a significant scale, to be able to compete against a growing renewable energy sector, but large-scale fracking will not be able to be accommodated within still tightening carbon budgets. There is in any case little evidence to suggest that fracking could be undertaken at the scale needed to be commercially viable in the UK or that it will bring gas prices down significantly.


The impact of shale gas on energy markets

The impact of shale gas on energy markets

Author: Great Britain: Parliament: House of Commons: Energy and Climate Change Committee

Publisher: Stationery Office

Published: 2013-04-26

Total Pages: 194

ISBN-13: 9780215057204

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Shale gas production in the UK could enhance our energy security and boost tax revenues, but it is too early to say whether it will reduce energy prices. The US now has the cheapest gas market in the world because of its domestic shale gas production. Federal subsidies, a favourable regulatory regime, low population density, and mineral rights for landowners, allowed the shale gas industry to flourish in the US. However shale drilling in the UK faces a very different set of factors. The extent of recoverable resources in the UK is also unknown and it remains unclear what impact what impact shale gas will have on gas prices, internationally and domestically. It would, thereforem be wrong for the Government to base policy decision at this stage on the assumption that gas prices will fall in the future. Rising global demand for gas, particularly from Asia, could limit any potential price reductions. If developed on a substantial sale shale gas could also challenge the ability of the UK to meet its statutory climate change targets. The government needs to make developing commercial scale carbon, capture and storage a priority as this will be critical in determining what role gas can play in the UK's future energy mix


Energy Economics

Energy Economics

Author: Subhes C. Bhattacharyya

Publisher: Springer Nature

Published: 2019-11-02

Total Pages: 849

ISBN-13: 1447174682

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This book provides an updated and expanded overview of basic concepts of energy economics and explains how simple economic tools can be used to analyse contemporary energy issues in the light of recent developments, such as the Paris Agreement, the UN Sustainable Development Goals and new technological developments in the production and use of energy. The new edition is divided into four parts covering concepts, issues, markets, and governance. Although the content has been thoroughly revised and rationalised to reflect the current state of knowledge, it retains the main features of the first edition, namely accessibility, research-informed presentation, and extensive use of charts, tables and worked examples. This easily accessible reference book allows readers to gain the skills required to understand and analyse complex energy issues from an economic perspective. It is a valuable resource for students and researchers in the field of energy economics, as well as interested readers with an interdisciplinary background.