The long-awaited examination of the economic and environmental impacts of LNG (liquefied natural gas) exports has been issued by the Biden administration. According to the study's findings, any future growth will raise prices for domestic customers and impede attempts to address the climate catastrophe. President Joe Biden suspended the Department of Energy's authorization of fossil gas shipments to major Asian and European consumers in January in order to carry out the study. While the oil and gas sector criticized this action, climate scientists, environmental justice activists, and public health specialists applauded it.
According to the analysis, increasing LNG exports run the danger of sharply increasing greenhouse gas emissions and may also result in price increases for US energy customers. The need for a cautious approach to new licenses was highlighted by US Energy Secretary Jennifer Granholm, who stressed that a business-as-usual approach to LNG export permits was neither sustainable nor practical.
The analysis from the Department of Energy was praised by environmental groups. According to Dr. Rachel Cleetus, policy director for the Union of Concerned Scientists’ Climate and Energy Program, increasing exports of fossil fuels would have a significant negative impact on the environment, economy, and climate. The draft analysis will now be available for feedback for 60 days, according to the energy agency.
In contrast, when he enters office in January, President-elect Donald Trump has pledged to lift the ban on new LNG export permits. Trump's government is anticipated to give fossil fuel extraction top priority, which might jeopardize climate change mitigation initiatives. Trump removed the United States from the Paris Agreement and repealed several environmental rules during his first term. These policies will likely continue to be maintained when he returns to government, with an emphasis on lowering climate-related restrictions and increasing oil and gas output.
The research by the Biden administration is an important reminder of the difficulties and possible dangers that come with increasing LNG exports. Even though gas firms tend to gain financially, it is impossible to overlook the wider ramifications for domestic consumers, public health, and the environment. It is apparent that a careful and deliberate approach is required in light of research pointing to higher greenhouse gas emissions and possible price increases. The decision to allow a public comment period demonstrates the administration's commitment to considering several perspectives before proceeding with new permits.
The fight over energy policy and climate action is expected to heat up as the incoming Trump administration gets ready to lift the ban on new LNG export permits. The dramatic differences between the policies of the Biden and Trump administrations highlight the continuous challenge of striking a balance between commercial interests and public health and environmental goals. In the end, the future of LNG exports and the larger battle against climate change will rest on well-informed and fair decisions that consider the long-term effects on our planet and civilization.
I think this article helps illustrate it's evident that climate change is not Donald Trump's top priority. It's unfortunate that we have to fight with our own president over things like this but it's reality.
ReplyDeleteCooper, you are taking on one of the most important issues with the new Trump administration. You make many good points. One thing to add is that while the industry wants to claim that natural gas is "cleaner" than coal or oil, recent studies show that leaking of natural gas is far more common than the industry admits and methane (natural gas) is a far more powerful greenhouse gas than CO2.
ReplyDeleteGreat blog, Cooper! It really highlights the big clash between environmental goals and fossil fuel priorities. It’s surprising how LNG exports could raise prices and worsen emissions it makes you wonder how the balance between economic interests and climate action will play out under Trump’s policies. Thanks for shedding light on this!
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