European gas infrastructure companies and renewable gas producers: ‘save billions of euros by setting ambitious target for renewable gas’Brussel | press release
At an event organised by the Gas for Climate consortium in Brussels, a consortium of seven leading European gas transport companies (Enagás, Fluxys, Gasunie, GRTgaz, Open Grid Europe, Snam and Teréga) and two renewable gas industry associations (EBA and CIB), presented to EU Commissioner for Climate & Energy Miguel Arias Cañete an action plan to boost the production of renewable gas.
According to the consortiums press release today, the Action Plan recommends amongst others an ambitious EU target for renewable gas in final consumption by 2030.
Commissioner Cañete stated that Europe needs decarbonized gas including progressive quantities of renewable gas alongside renewable electricity.
The Action Plan follows a study by Ecofys, a Navigant company, which shows the potential to significantly scale up renewable gas in Europe and that using this gas reduces the societal cost to fully decarbonise the EU energy system. The study shows that it is possible to produce more than 120 billion cubic meters of biomethane and green hydrogen in Europe and green hydrogen in Europe. The study also showed that using this gas in existing gas infrastructure leads to nearly 140 billion euro of annual societal cost savings in a zero-emissions energy system compared to a system without any gas.