In an article written for Huffington Post, Andrew Steer discusses how shale energy depends on water supply.
The shale gas revolution, which began nearly 10 years ago in the United States, is poised to spread across the globe. For many countries, shale gas could strengthen energy security while cutting emissions.
But unlocking this massive resource comes with a significant environmental risk: access to freshwater for drinking, agriculture, and industrial use.
Dozens of countries are deciding whether or not to develop their shale gas and tight oil resources in order to reduce emissions, create new jobs, and increase national energy supplies. However, extracting natural gas and tight oil from shale poses water risk.
We analyzed water stress levels in the 20 countries with the largest shale gas and tight oil resources, and found that 40 percent face high water stress.
This report analyzes water availability across all potentially commercial shale resources worldwide.
It also reveals that water availability could limit shale resource development on every continent except Antarctica.
Learn how securing water and shale gas could strengthen energy security while cutting emissions.
Water availability could potentially limit shale resource development on six continents
Editor’s Note: Interactive map and other digital resources are available at: wri.org/water-for-shale.
STOCKHOLM//WASHINGTON—Experts from the World Resources Institute (WRI), Apache Corporation, and Natural Resources Defense Council will host a press call to discuss key findings from a new report, Global Shale Gas Development: Water Availability & Business Risks, the first-ever public analysis of water availability across all potential commercial shale resources worldwide.
Christine Lagarde, Managing Director of the IMF, recently launched the latest book in a series on what good fiscal policy should look like in a world of environmental externalities.
The message was clear: Ministers of finance and economics should design their tax systems skillfully so as to tax bad things, like pollution and congestion, rather than good things like work and profit. Not to do so is plain, bad economics.
A new report from the International Monetary Fund (IMF), Getting Energy Prices Right: From Principle to Practice, argues that the costs of coal, natural gas, gasoline, and diesel fail to account for these fuels’ environmental and social impacts—such as greenhouse gas emissions, air pollution, and traffic deaths.
Setting prices that reflect these side effects—through taxes, licensing, or cap-and-trade systems—could reduce deaths from fossil fuel-related air pollution by 63 percent, decrease global carbon dioxide emissions by 23 percent, and generate revenues totaling about 2.6 percent of global GDP.
At its core, environmental democracy involves three mutually reinforcing rights: the ability for people to freely access information on environmental quality and problems, to participate meaningfully in decision-making, and to seek enforcement of environmental laws or compensation for damages