A recent report published by MIT's Energy Initiative (MITEI) outlines the future of natural gas and it's relation to energy security worldwide. According to the report, unconventional shale gas deposits in the US and abroad will play a major role in developing the world's low-carbon future. The 83 page report outlines and explores necessary steps to provide a competitive marketplace conditioned by a CO2 emissions price. It also emphasizes the growth of unconventional shale gas as a feedstock for future development claiming, "Natural gas will double its share of the energy market from 20% to 40% by 2050." The comprehensive report takes a broad view at the global natural gas and provides a special focus in the recent development of unconventional shale gas reserves. The report took two years to compile between 30 MIT faculty members. Aside from reserves and market price, the report also provides in depth views on geopolitical concerns, economics, national security, and the environment. Due to the multiple end uses for conventional and unconventional gas resources, i.e. electric generation, industrial manufacturing, and heating, and its capacity to lower greenhouse gas emissions, MIT's report shows that unconventional shale gas will maintain a vital role well into the future. According to MITEI Director Ernest J. Moniz, "Much has been said about natural gas as a bridge to a low-carbon future, with little underlying analysis to back up this contention. The analysis in this study provides the confirmation -- natural gas truly is a bridge to a low-carbon future." To download a pdf of the full report visit http://web.mit.edu/mitei/research/studies/naturalgas.html.
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