"Shale gas may help EBRD countries of operations diversify their gas imports. But it is unclear how it will affect emissions without effective cross-border energy and carbon markets.
The US energy market has changed drastically since the rise of shale gas in the country. The US is now the world’s largest gas producer and is expected to become a net exporter. Will shale gas be a similar game changer in the EBRD region?
This article argues that the impact of shale gas in the EBRD region is likely be limited in the coming years due to high uncertainties about the size of resources, production costs and environmental impacts.
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| Source: based on KPMG report |
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