National Grid Joins AGA in Praising New Report Highlighting the Role of Natural Gas in Mitigating Cl
National Grid Joins AGA in Praising New Report Highlighting the Role of Natural Gas in Mitigating Climate Change
WALTHAM, Mass.--(BUSINESS WIRE)-- National Grid US President Tom King today joined the American Gas Association in praising a new report issued jointly by the Center for Climate Change and Energy Solutions and The University of Texas. The report, Leveraging Natural Gas to Reduce Greenhouse Gas Emissions, found that the expanded use of natural gas offers significant opportunities to help address climate change.
"We concur with the findings of this report, chief among them that as the US economy continues to rebound, natural gas can help our efforts to reduce greenhouse gas emissions in the near- to mid-term," King said. "With gas prices expected to remain low for the foreseeable future and with an abundance of domestic supply, natural gas provides a cost-effective, low-carbon fuel source to aid overall economic growth and curb demand for imported oil."
King lauded the report's authors for calling for the continued development of zero-emission energy sources such as wind, nuclear and solar, carbon capture-and-storage technologies at fossil fuel plants and especially continued improvements in energy efficiency. The study views natural gas and renewable energy sources as complementary components of the power sector. Natural gas plants can quickly scale up or down their electricity production and so can act as an effective hedge against the intermittency of certain renewables. The report also aligns with National Grid's commitment to better understand and more accurately measure greenhouse gas emissions from natural gas production and use.
King also commended the report's authors for their call for consumer education about the environmental and efficiency benefits of natural gas use through labeling and standards programs and the recommendation to create consumer incentives to use natural gas when emissions reductions are possible.
Read the full report here.
About National Grid
National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks. The company is at the heart of one of the greatest challenges facing our society - to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid holds a vital position at the center of the energy system and it 'joins everything up'.
In the northeast US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles. In Great Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country.
National Grid delivers electricity to approximately 3.3 million customers in Massachusetts, New York and Rhode Island. It manages the electricity network on Long Island under an agreement with the Long Island Power Authority (LIPA), and owns over 4,000 megawatts of contracted electricity generation, providing power to over one million LIPA customers. It is the largest distributor of natural gas in northeastern U.S., serving approximately 3.4 million customers in New York, Massachusetts, and Rhode Island.
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