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Natural Gas As a Bridge Fuel Faces ‘Turbo Lag’ ...Middle East
For years, natural gas has been hailed as a bridge fuel that will play a critical role in the transition to renewable energy and low-carbon fuels. While coal remains the most important fossil fuel in the power sector, accounting for 35% of global electricity generation in 2024, natural gas was second at 20%, with gas rapidly replacing coal-fired generation thanks to its lower emissions profile. Natural gas is gaining further prominence in the current era of surging power demand growth: Last year, Morgan Stanley predicted that the U.S. natural gas…
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