Shale Gas Could Help with Renewable Energy, Energy Diversification

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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