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    market news

    Shale Gas Could Help with Renewable Energy, Energy Diversification

    Investing News Network
    Jan. 11, 2013 08:51AM PST
    Oil and Gas Investing

    Bloomberg reported that the shale-gas boom could contribute to the renewable energy movement by providing a cleaner alternative to coal.

    Bloomberg reported that the shale-gas boom could contribute to the renewable energy movement by providing a cleaner alternative to coal.

    As quoted in the market report:

    Gas in the first instance is going to displace coal,” Adnan Amin, director-general of the agency known as IRENA, said in an interview in Abu Dhabi. “Shale gas at low cost can help to create a hybrid system,” whereby more gas-fired power is fed to the grid, supplanting coal, and augmented by wind and solar.

    To view the whole Bloomberg report, click here. 

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