A natural gas pipeline construction site in Linghai, in northeast China’s Liaoning Province on April 30, 2020. Projects worth US$89.1 billion will be exposed to stranded asset risk in China with fossil fuels expected to be phased out in coming decades. Photo: Xinhua
A natural gas pipeline construction site in Linghai, in northeast China’s Liaoning Province on April 30, 2020. Projects worth US$89.1 billion will be exposed to stranded asset risk in China with fossil fuels expected to be phased out in coming decades. Photo: Xinhua
Business of climate change
Business

Climate Change: World risks falling behind on environmental goals if natural gas pipeline binge continues, Global Energy Monitor says

  • Massive expansion of pipeline network threatens climate goals and creates a US$485.8 billion ‘stranded asset risk’, NGO says
  • Demand for natural gas will continue to rise for many years in Asia, analysts say

Eric Ng
Eric Ng

Updated: 10:00am, 23 Feb, 2022

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A natural gas pipeline construction site in Linghai, in northeast China’s Liaoning Province on April 30, 2020. Projects worth US$89.1 billion will be exposed to stranded asset risk in China with fossil fuels expected to be phased out in coming decades. Photo: Xinhua
A natural gas pipeline construction site in Linghai, in northeast China’s Liaoning Province on April 30, 2020. Projects worth US$89.1 billion will be exposed to stranded asset risk in China with fossil fuels expected to be phased out in coming decades. Photo: Xinhua
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